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Speaker 1: An illegal alien from Guatemala charged with raping a child

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Speaker 1: in Massachusetts. An MS thirteen gang member from Al Salvador

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Speaker 1: accused of murdering a Texas man of Venezuelan charged with

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Speaker 1: filming and selling child pornography in Michigan. These are just

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Speaker 1: some of the heinous migrant criminals caught because of President

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Speaker 1: Donald J. Trump's leadership. I'm Christy nom the United States

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Speaker 1: Secretary of Homeland Security. Under President Trump, attempted illegal border

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Speaker 1: crossings are at the lowest levels ever recorded, and over

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Speaker 1: one hundred thousand illegal aliens have been arrested. If you

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Speaker 1: are here illegally, your next you will be fined nearly

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Speaker 1: one thousand dollars a day, imprisoned, and deported. You will

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Speaker 1: never return. But if you register using our CBP home

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Speaker 1: app and leave now, you could be allowed to return legally.

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Speaker 1: Do what's right. Leave now. Under President Trump, America's laws,

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Speaker 1: border and families will be protected.

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Speaker 2: Sponsored by the United States Department of Homeland Security.

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Speaker 3: My graduates from my school being false back drop drop, Mike,

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Speaker 3: drop back drop drop.

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Speaker 4: All right, guys, welcome back, e y Eli. This is

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Speaker 4: a highly requested episode and something that has been asked

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Speaker 4: for for a long time and one of the biggest

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Speaker 4: topics in financial literacy no matter what area you're working.

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Speaker 2: Yeah, but before we get started, we gotta let him

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Speaker 2: which has over twelve hours of content to guide you

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Speaker 2: now it's fifty percent off. So you got to do

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Speaker 2: is head over to eyl University dot com. You're gonna

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Speaker 2: get fifty percent.

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Speaker 4: Off student loans, student loans is a huge, huge, huge thing.

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Speaker 4: I believe it is, correct me if I'm wrong. One

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Speaker 4: point nine billion dollars student loan debt total in America.

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Speaker 4: So millions of people are crippled by student loans. Millions

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Speaker 4: of parents have to make decisions whether they you know,

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Speaker 4: sending their kids to high course college and have to

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Speaker 4: you know, put that type of burden on them. Millions

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Speaker 4: of young Americans, young people have to decide early on.

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Speaker 4: They have to make, you know, crucial decisions that might

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Speaker 4: affect their life for the rest of it, the rest

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Speaker 4: of their life as far as you know, going to

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Speaker 4: what college they're going to go to, how much student

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Speaker 4: loan they're going to take out, and then when they graduate,

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Speaker 4: it's a whole bunch of stuff as far as you know,

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Speaker 4: paying it back and how they pay it back, and

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Speaker 4: how it affects their credit score, and how does it

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Speaker 4: affect trying to buy home. So we haven't talked about

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Speaker 4: student loans too much. A few episodes. We kind of

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Speaker 4: just told stories about student loans.

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Speaker 2: I think early on I gave my student loans earlier episodes.

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Speaker 4: Sure, but we haven't actually like broke it down student

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Speaker 4: loans in like details so we brung in the best

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Speaker 4: in the business to do that.

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Speaker 2: The best.

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Speaker 4: Sonya lewis also known as a Student Loan Doctors, So

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Speaker 4: she's the CEO and the first African American woman owns

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Speaker 4: student loan repairment repayment company in the United States of America.

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Speaker 4: She's been featured on Forbes Money Magazine, Essence, Black Enterprise,

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Speaker 4: and now in the Bio. And it's crazy because she

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Speaker 4: actually also taught a class for Ey University that was incredible.

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Speaker 4: I listened to that while I was preparing for this

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Speaker 4: and we actually met years ago, so you never know

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Speaker 4: how life is going to, you know, come back three sixty.

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Speaker 4: You know, me as a financial advisor, I used to

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Speaker 4: do speaking engagements every once in a while, you know,

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Speaker 4: and kind of talk about investing and insurance and stuff

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Speaker 4: like that. And a group had actually asked me to

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Speaker 4: come in to speak in New York and the city

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Speaker 4: and one of the other speakers was none other than

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Speaker 4: Sonya And that's the first time and she literally she

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Speaker 4: rocked it. She rocked it, and she she broke down

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Speaker 4: student loans, she broke down repayment options, she broke down everything.

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Speaker 4: And that's the first time that we had connected and

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Speaker 4: that was years ago.

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Speaker 3: Probably you remember that it was my first big I

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Speaker 3: don't even know if it was big, but gig outside

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Speaker 3: of Philly.

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Speaker 5: I took it so serious. I got some T shirts.

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Speaker 4: Joy Yeah, you had, you had your I had some more.

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Speaker 4: Some workers with you too, volunteers.

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Speaker 2: We thank them, we thank I.

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Speaker 4: Remember not excellent. So now you know she's blown up

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Speaker 4: on social media and she's become the authority on Stuart

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Speaker 4: Loans and you know, we have a little known podcast

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Speaker 4: that little people will listen to every how it's good

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Speaker 4: to you know, it's good to it's good I appreciate that.

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Speaker 4: So it's good to link back up. So first and foremost,

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Speaker 4: thank you for joining us. Appreciate it.

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Speaker 5: Yeah, I'm excited to be here. I really really am.

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Speaker 5: I really am so one. Thank you for both for

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Speaker 5: having me. I've been listening to the podcast, and when

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Speaker 5: I first listened to it, I'm listening to his voice,

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Speaker 5: like I know that nothing have a trigger to go

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Speaker 5: look up the voice and I you just moved so quickly.

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Speaker 5: So then I think it was Instagram and I've seen

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Speaker 5: his face. I'm like, I know that face. It's iked

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Speaker 5: my girlfriend, Like have you ever listened to E Y

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Speaker 5: L Denise and she's such a fit and she's actually

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Speaker 5: really mad that she's not here with me today. How

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Speaker 5: I got sick?

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Speaker 2: I was.

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Speaker 5: So but yeah, so I was like, oh no, I said,

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Speaker 5: do you remember the engagement I had way way before?

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Speaker 5: And she said, oh yeah. I said, well he's that's samn.

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Speaker 5: She's like, oh wow. So I just think that it's

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Speaker 5: really important that when you meet people, want to be

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Speaker 5: nice to them and be kind to them. I was

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Speaker 5: really really blown away and impressed with the child from

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Speaker 5: the very very beginning when he spoke and I was like, well,

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Speaker 5: wait a minute. After I drove for Philly, I knew

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Speaker 5: I know for a fact, I was tired because it

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Speaker 5: was nighttime NIME. I was like, I don't know, if

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Speaker 5: you know, if I had like a lot of energy

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Speaker 5: that night, but I was on like three, what's gonna do?

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Speaker 5: Give it? And I totally like when I got home,

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Speaker 5: I was like, you know, totally out of it, but

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Speaker 5: I'm excited to be here none the less.

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Speaker 4: Sure, so let's jump into it. So how did this start?

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Speaker 4: How did you become the student loan doctor? How did

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Speaker 4: that have?

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Speaker 5: Yeah? I was broke, yes, Sorry, anybody starts up than that, know.

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Speaker 5: So what happened was I was in a financial literacy

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Speaker 5: course at church and it was really after either of

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Speaker 5: my grandmother passing, and you ever realized, like, if that person,

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Speaker 5: whoever is your person in your life goes, you don't

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Speaker 5: have no person anymore, and who could you call it

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Speaker 5: asks for help support? So that was my grandmother. So

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Speaker 5: I'm like, oh this, I could really be one check away.

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Speaker 5: You know. I was living real dangerous overdrafted on overdraft.

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Speaker 5: It was. It was not good. And the thing is

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Speaker 5: I wasn't It wasn't like I wasn't making money. I

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Speaker 5: think at that time I was early twenties, making like

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Speaker 5: sixty a year and that's good with no responsibilities living

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Speaker 5: in Philly, you know, it's fine. But I was just

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Speaker 5: really really behind check to check at that point because

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Speaker 5: I was trying to keep up with people. And so

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Speaker 5: I put myself to this class and the one topic

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Speaker 5: the teacher kept going around was student loan deck. Now

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Speaker 5: that is my profect. Actually no background, so I've worked

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Speaker 5: in the university. I guess at this point where were

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Speaker 5: at twy so like going over twelve years at this

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Speaker 5: point I connected with the university, and so I knew

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Speaker 5: what to do, like I knew how to help people.

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Speaker 5: I knew how to advise people. It's just that I

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Speaker 5: felt like everybody else knew that too. I don't know

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Speaker 5: if that makes sense. I felt like student loans, like, oh,

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Speaker 5: all you got to do is but when you come

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Speaker 5: to find out is a lot of people don't know

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Speaker 5: about their student loans, don't want to know about their

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Speaker 5: student loans, or they're really upset that they have student loans.

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Speaker 5: And so I just started giving out some free knowledge

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Speaker 5: at church. But what had happened was after the church class,

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Speaker 5: people start coming into the church. Because the church is

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Speaker 5: right there by Temple University, they start coming in. Yeah,

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Speaker 5: North Philly. They start coming in, So, so can we

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Speaker 5: speak to the young lady about loans. I'm like, no,

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Speaker 5: wait a minute, that's me, but I gotta go home now.

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Speaker 5: So I was helping people after church. I'm going to

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Speaker 5: say for a few hours, right, and then I'm like,

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Speaker 5: Jesus say say to do this for free? Now that

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Speaker 5: word I still haven't heard heard their word. So I

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Speaker 5: was like, well, you know what, because I can't charge

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Speaker 5: in the Lord's house, So I said, well, less met

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Speaker 5: at the Cozy in the corner Baker. I had two

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Speaker 5: locations in Philly because you know people don't like travel.

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Speaker 2: Cozy, that's a good meaning spot. What's the cozy is

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Speaker 2: like it's like an eatery, like it has like benches.

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Speaker 2: It's like an upscale I guess Starbucks, which is no coffee,

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Speaker 2: which is fool. Yeah, yeah, yeah. I had my marriage

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Speaker 2: cause I had marriage counseling in everybody used its good place.

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Speaker 5: And bother you now Corner Bakery. I did have to

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Speaker 5: flirt with the manager. Never cashed it on that date.

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Speaker 5: I needed the corner booth with the plug. Okay, it's

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Speaker 5: just lot of strategic plenty. You got do You got

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Speaker 5: to get there by six and I left. I think

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Speaker 5: they closed at ten, and then the weekends I would

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Speaker 5: be there from nine to nine.

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Speaker 2: Yeah, and I think at.

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Speaker 5: That time I was charging like what thirty forty an hour.

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Speaker 5: I didn't know about business. I just knew I was

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Speaker 5: going to sit here for free. And it wasn't a

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Speaker 5: real business chip. But literally, y'all, when I tell you,

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Speaker 5: nobody missed their appointment, like that's kind of unheard of,

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Speaker 5: Like no one missed their appointment for weeks and so

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Speaker 5: what I did ultimately was was, you know, I got

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Speaker 5: a scheduler. I started looking at office spaces. I'm like, well,

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Speaker 5: if I get this many clients and I go up

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Speaker 5: to this price. So then that's when all that entrepreneurship

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Speaker 5: start started to like kick in. I got to read

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Speaker 5: this book, you know, so I had to learn a lot,

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Speaker 5: just because I didn't want to lose momentum on what

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Speaker 5: was happening. And I didn't really, like I said, I

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Speaker 5: want to sit there all day, but then you know,

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Speaker 5: we can go from the story from there. But that

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Speaker 5: was really the catalyst. I just wanted to help people.

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Speaker 5: I knew I wasn't going to do it too much

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Speaker 5: longer for free, but I think even when I was

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Speaker 5: doing forty an hour, it really paste out more than

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Speaker 5: what I was making at work. And now I'm looking

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Speaker 5: at my work calendar like I'm not going to be

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Speaker 5: able to be here much longer, Like I need to

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Speaker 5: take off this day because if I could get these

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Speaker 5: appointments in and the match just wasn't adding up.

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Speaker 2: So did the knowledge and the subject area come from

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Speaker 2: your experiences of dealing with so long?

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Speaker 5: Okay, I was helping adults in college college's college. Okay,

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Speaker 5: I was helping them in college understand their financial a package.

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Speaker 5: We had to literally because their adults coach them in it,

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Speaker 5: like two to four years. This is what your payment

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Speaker 5: could look like. You know, are you okay with coming

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Speaker 5: to school paying this because you know this payment is coming.

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Speaker 5: So I was able to already teach that because that's

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Speaker 5: what I didn't do every day for work. Yeah, okay,

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Speaker 5: And I didn't know that.

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Speaker 2: That was a yeah. I just remember being on campus

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Speaker 2: and like had no idea what financial aid was and

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Speaker 2: signing all these papers that were a lot of money.

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Speaker 2: I had no idea what interest was. I didn't know

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Speaker 2: what a co signer was. I just know like, yo,

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Speaker 2: this is that's what we got to do to make

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Speaker 2: it happen at school.

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Speaker 5: So because we worked with adult learners, we had a

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Speaker 5: responsibility I feel like, well we felt like at their

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Speaker 5: school to teach and tell people because you know, think

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Speaker 5: about it, when you're eighteen, you got a little while off.

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Speaker 5: You might be a mom for a bit dad, but

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Speaker 5: when you're an adult were already with bills. We kind

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Speaker 5: of felt like we had a responsibility to tell people

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Speaker 5: up front.

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Speaker 2: That's a good population too. And I mean I've been

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Speaker 2: in classes with the older students and it's like there

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Speaker 2: were more focused because they knew that their time was

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Speaker 2: limited as we were just sitting there like I can't

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Speaker 2: wait for this be overs as a party leader.

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Speaker 5: No, the ones with the highlighters with three you know

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Speaker 5: exactly exactly like I'm gonna bea that student one day.

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Speaker 4: Like all of the tricks and stuff, like everything you learned,

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Speaker 4: you just you already knew that from your job or

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Speaker 4: you just really just googled everything and just studied your

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Speaker 4: life away.

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Speaker 5: Well, so the job taught me a lot. But once

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Speaker 5: I decided this is going to be my real dis

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Speaker 5: like when I decided to lead my job, I started

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Speaker 5: going to different conferences that was given by the Department

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Speaker 5: of Education. Some conferences call some conferences were free. But

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Speaker 5: like I would say, twenty fifteen through seventeen, I was

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Speaker 5: at like every conference the Department Education or affiliated therewof

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Speaker 5: the colleges therewove would have, I would be right there.

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Speaker 5: And the very beginning I couldn't afford those conferences, so

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Speaker 5: I would be on the volunteer committee and I would

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Speaker 5: be on the welcome booth. I had a strategy I

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Speaker 5: would be on a welcome booth for four hours and

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Speaker 5: do could you're the rest of the conference for free?

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Speaker 5: Had to get there, I mean, and then I was like, well,

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Speaker 5: what girlfriend? Do I know? In DC? I mean, it

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Speaker 5: was real, like you know, but I just really had

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Speaker 5: a clear envision. I was never confused about what I

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Speaker 5: wanted this to be. I just needed to not give

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Speaker 5: up with myself.

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Speaker 2: If that makes sense, Perfect sense.

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Speaker 4: All right, So now you got the backstory, and we'll

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Speaker 4: talk more about the branding and all that how you

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Speaker 4: turned into a business. But let's let's dive into it

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Speaker 4: as far as the meat and potato. So I got questions,

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Speaker 4: I'm sure got questions. But the first question I want

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Speaker 4: to ask is shout out to MG, the mortgage guy.

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Speaker 4: I'm not sure if you saw the posted he did,

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Speaker 4: but that was something I got a lot of traction

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Speaker 4: on our on our page, and we posted and he

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Speaker 4: said something to the to the effect that if you

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Speaker 4: have to do a loan debt, not to do an

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Speaker 4: FAHA loan or a conventional loan trying to buy a

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Speaker 4: home first time home buyers, but to do an iv R,

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Speaker 4: which I think it stands for income based repayment, So

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Speaker 4: it got a lot of traction and people was asking like,

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Speaker 4: what is the iburo? What does this mean? Can you

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Speaker 4: decode this? So can you decode that a little bit?

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Speaker 5: Yeah, so that really should be IDR. So IDR is

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Speaker 5: basically the collection of different plans that are based on

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Speaker 5: your repayment. So IBr is one repay pay in ICR.

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Speaker 5: When Biden comes into office, the question is will Biden

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Speaker 5: at a fifth plan or replace those plans with one plan?

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Speaker 5: So that's what we're about to see. So right now,

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Speaker 5: and this is really cool, and this is the best

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Speaker 5: time that anybody with a lot of student loan that

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Speaker 5: should be buying a house before laws change. When Republicans

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Speaker 5: are in office, there are so many caveats and little

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Speaker 5: programs and tricks that still get people to buy right.

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Speaker 5: But when Democrats get in office, programs get closed down,

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Speaker 5: shut down, they get very very conservative. So I'm a

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Speaker 5: little nervous, just to be quite honest, with Biden taking

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Speaker 5: office that the which you just announced is going to

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Speaker 5: go away. So if that is the case, if you're

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Speaker 5: watching this in real time, you might want to get

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Speaker 5: your stuff together so you can get a home. So basically,

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Speaker 5: if you have your loans on an income driven repayment plan.

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Speaker 5: So right now, it's messing everybody up because we're in

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Speaker 5: the Cares Act until January thirty.

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Speaker 2: First, yes, yes, but it is.

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Speaker 5: Messing some people up to buy a home because they

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Speaker 5: would literally have to come out of that plan and

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Speaker 5: go into repayment.

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Speaker 2: Right.

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Speaker 5: And so let's say, for example, somebody's loans were normally

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Speaker 5: seven hundred a month. Well, seven hundred a month is

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Speaker 5: a lot, like you already got a mortgage, right, So

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Speaker 5: but then let's say based off of their income and

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Speaker 5: their household size, they can get their loan down to

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Speaker 5: two hundred a month. So which one on paper would

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Speaker 5: you rather have? Two hundred to seven hundred two hundred?

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Speaker 5: So two hundred is what a mortgage lender can use

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Speaker 5: when looking at your debt to income ratio. But the

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Speaker 5: caveat is you have to have my opinion over a

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Speaker 5: seven to twenty credit score. Now, some people say seven hundred,

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Speaker 5: but I account for them checking your credit and it

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Speaker 5: going down. So and the reason that is is because

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Speaker 5: conventional loans, the better your credit, the better you'll get

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Speaker 5: in terms of your interest rate and less money you

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Speaker 5: have to put down.

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Speaker 2: Yeah, I laughed when you said the cares that because

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Speaker 2: most people know if you owe student loan that you

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Speaker 2: only there's no interest being charged up until the thirty

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Speaker 2: first of January of twenty twenty one, and so that's

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Speaker 2: an issue. But I actually knew about those replayment plans.

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Speaker 2: They actually, you know, I own suit or a little

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Speaker 2: bit a little bit.

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Speaker 4: Can we even talk about that? For even people that

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Speaker 4: have it might already know. But let's say kids are

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Speaker 4: listening to it that's in college or they trying to

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Speaker 4: make a decision. So it's the I cry the IV

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Speaker 4: we can talk about.

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Speaker 2: I was actually gonna go there. So the fourth it

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Speaker 2: was paid repay, the IBr and ICR. The reason I

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Speaker 2: found out is because when I was trying to get

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Speaker 2: a loan forgiveness plan, I wasn't part of one of those, right,

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Speaker 2: and so I got declined yes, and I was like, wait,

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Speaker 2: what is this? And so yeah, can you go into

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Speaker 2: the depth of the parameters of these, So.

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Speaker 5: Let's go through it. So Obama, the Obama administration gave

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Speaker 5: us the pay and the repay plan. So pay came

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Speaker 5: out first. And that's for those that have new loans

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Speaker 5: or newly consolidated loans in the direct loans program, you're

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Speaker 5: payment is kepped at ten percent. Repay came out like

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Speaker 5: because people went off, they were like upset, like, so

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Speaker 5: I can't get my payment's lower. So then they came

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Speaker 5: out what's called repay that said, if you just have

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Speaker 5: a direct loan, doesn't have to be newly consolidated, you

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Speaker 5: can get ten percent too, although more is forgiven over

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Speaker 5: time under the pay plan than the repay plan. The

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Speaker 5: IBr plan is the old fashioned income based repayment plan

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Speaker 5: that everybody knows, and anybody listening should check their loans

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Speaker 5: to see which plan they normally are under. Most people

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Speaker 5: never switch out and they could actually lower their payment

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Speaker 5: by going to repay from IBr.

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Speaker 2: So you have based on how much you make, will

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Speaker 2: determine how much you're gonna have to pay.

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Speaker 5: Yes, so IBr is at a fifteen percent margin. ICR

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Speaker 5: is at a twenty percent repayment. And if anybody's listening,

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Speaker 5: they will write down if they had parent plus loans

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Speaker 5: some such. You teach you, I want to write it

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Speaker 5: out over No, No, I'm like okay, So ICR is

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Speaker 5: twenty percent. Now, what Biden is proposing is the plan

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Speaker 5: that they're saying he's coming out with will be at

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Speaker 5: five percent. So some people are really going to see

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Speaker 5: a good win.

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Speaker 4: In terms of five percent of your of.

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Speaker 5: Your expectation to be able to repay back loans.

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Speaker 4: So if you borrow one hundred thousand, you only have

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Speaker 4: to pay back five thousand.

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Speaker 5: Oh no, five percent of your income.

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Speaker 2: So the income five thousand, okay, right, So like if

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Speaker 2: somebody had was making one hundred thousand, like with a

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Speaker 2: teacher salary in New York, that could happen easily, right,

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Speaker 2: and you have to pay fifteen percent. That's fifteen hundred dollars, right,

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Speaker 2: And so like you have to make to get the

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Speaker 2: forgiveness of the one I was singing. I think it's

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Speaker 2: the PSLF right the public service. So if you're a teacher,

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Speaker 2: if you're anything in a public service, you can get

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Speaker 2: this loan forgive us. You'd have to make one hundred

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Speaker 2: and twenty consecutive payments to qualify for it, and that

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Speaker 2: started dates back to two thousand and seven. So this

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Speaker 2: was the problem I ran into. I'm like, oh, bat,

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Speaker 2: two thousand and seven, I haven't missed a payment. And

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Speaker 2: twenty seventeen, it was my tenth year, and I was like,

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Speaker 2: oh great, so.

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Speaker 5: Then you need to look into what's called the TEPSLF.

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Speaker 2: So I did it. I got to give it for

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Speaker 2: another loan. Yeah. So then that's when I started researching. Wait,

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Speaker 2: there's more loans out there for teachers, and so I

401
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Speaker 2: did the Teacher Loan Forgiveness where it was like, if

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Speaker 2: you are a highly qualified teacher in the subject at

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Speaker 2: five years, and it has to be a title one

404
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Speaker 2: schools less perfect. Yeah, two different the podcast.

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Speaker 5: So what you're saying is okay, so let me ask

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Speaker 5: your questions. You got to teach your loan forgiven?

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Speaker 2: But did you get the te I did not. I

408
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Speaker 2: did not.

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Speaker 5: Did you apply yet?

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Speaker 2: I did, but they told me I wasn't in one

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Speaker 2: of those four qualifying ones. So I wasn't in paid

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Speaker 2: repay IBr Oh wait, no te.

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Speaker 5: Is different than PSLF.

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Speaker 2: Okay, no, then I wasn't. I didn't get that. Yeah,

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Speaker 2: h okay, I'm.

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Speaker 5: Going to offline show you the other perfect so the

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Speaker 5: government and then money stop might still be available. They

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Speaker 5: gave a window of money for people that like him,

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Speaker 5: had been paying since two thousand and seven, but was

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Speaker 5: on a standard plan let's say, and he like, I've

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Speaker 5: been paying so why am I not? And I worked

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Speaker 5: for and so it's under a different program. It's just

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Speaker 5: like a spin off of the PSLF. A lot of

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Speaker 5: people I don't know about it. They talked about it

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Speaker 5: one time on the news. I'm like, so, so I

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Speaker 5: will show you where that's at. Last time I checked,

427
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Speaker 5: there's still money availbile.

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Speaker 2: Because it was like a bunch of people who applied,

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Speaker 2: they had did the ten years, they had one hundred

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Speaker 2: and twenty payments, and I think less than one percent

431
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Speaker 2: of people actually God forgiveness.

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Speaker 5: So then they told them to go back and apply

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Speaker 5: for the second plan. I'm telling you about it, but

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Speaker 5: it got confusing and people didn't do it. They closed it,

435
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Speaker 5: they reopened it. So last time I check, I looked,

436
00:20:24,880 --> 00:20:26,280
Speaker 5: literally the other day it's still open.

437
00:20:26,640 --> 00:20:29,840
Speaker 2: Your m is about to blow up, Okay, but that's.

438
00:20:29,720 --> 00:20:32,480
Speaker 5: Still you know. So I have to be weirdly knowledgeable

439
00:20:32,520 --> 00:20:34,840
Speaker 5: about these things. And let me be very clear, like

440
00:20:34,920 --> 00:20:36,600
Speaker 5: I don't work for solid man. I don't even like

441
00:20:36,800 --> 00:20:40,239
Speaker 5: student loans. And a concept I like that people that

442
00:20:40,320 --> 00:20:43,160
Speaker 5: come to us or come to me initially can get

443
00:20:43,200 --> 00:20:45,320
Speaker 5: the help to move forward in life, because like if

444
00:20:45,359 --> 00:20:47,679
Speaker 5: you walk away with one hundred percent forgiveness. After that,

445
00:20:47,760 --> 00:20:49,800
Speaker 5: he gonna be lighting the burder around here, right, and

446
00:20:49,800 --> 00:20:51,919
Speaker 5: then you're want to do something different with your money,

447
00:20:52,000 --> 00:20:53,560
Speaker 5: Like I don't know how much you pay towards your

448
00:20:53,560 --> 00:20:56,080
Speaker 5: student loans out of COVID, but that additional money can

449
00:20:56,119 --> 00:20:58,240
Speaker 5: go to all the things you guys talk about, right,

450
00:20:58,480 --> 00:21:00,919
Speaker 5: real estate and investment. But that'd be the number one

451
00:21:00,960 --> 00:21:04,240
Speaker 5: reason why people do not get into growing their money

452
00:21:04,280 --> 00:21:05,520
Speaker 5: because the student long death.

453
00:21:05,600 --> 00:21:08,560
Speaker 2: Yeah, it makes you. It can make you stagnant, rights,

454
00:21:09,359 --> 00:21:11,199
Speaker 2: it can make you depressed. It could leave you to

455
00:21:11,200 --> 00:21:12,560
Speaker 2: a point where it's like, Yo, now I have to

456
00:21:12,600 --> 00:21:14,880
Speaker 2: live at home longer than I expected. Now I can't

457
00:21:14,920 --> 00:21:18,400
Speaker 2: afford to get a car. Now I can't afford to

458
00:21:18,440 --> 00:21:22,040
Speaker 2: even be in a real relationship right because I can't

459
00:21:22,040 --> 00:21:24,360
Speaker 2: have it. I can't I can't get married. I can't

460
00:21:24,400 --> 00:21:26,520
Speaker 2: afford to do it. And so it stagnates your life

461
00:21:26,520 --> 00:21:28,000
Speaker 2: from our decision that you made at eighteen.

462
00:21:28,119 --> 00:21:31,240
Speaker 5: I gotta tell the story. Okay, so this is real,

463
00:21:31,600 --> 00:21:33,600
Speaker 5: and then somebody's watching, it's gonna understand what I'm about

464
00:21:33,600 --> 00:21:37,240
Speaker 5: to say. So if you are particularly like a black woman,

465
00:21:37,280 --> 00:21:39,440
Speaker 5: and you're dating and you got six figure student on debt,

466
00:21:39,840 --> 00:21:41,119
Speaker 5: I know, I come up being in mind at one

467
00:21:41,119 --> 00:21:43,000
Speaker 5: point like how I'm not going to tell this man, right?

468
00:21:43,480 --> 00:21:45,920
Speaker 5: So what happens? When I used to do want on

469
00:21:45,960 --> 00:21:48,200
Speaker 5: one appointments in person? I missed those dings. Those were

470
00:21:48,200 --> 00:21:52,080
Speaker 5: fun guys who used to book their fiance and girlfriends

471
00:21:52,080 --> 00:21:55,720
Speaker 5: for appointments that the girls didn't know about. So they

472
00:21:55,720 --> 00:21:57,680
Speaker 5: were come in like, well where are we at. I'm like, Hi,

473
00:21:57,760 --> 00:22:01,359
Speaker 5: I'm thinking everybody knows. Nobody knows but him. And I'm like,

474
00:22:01,520 --> 00:22:03,840
Speaker 5: so you didn't tell her? He's like, no, I'm going

475
00:22:03,920 --> 00:22:06,280
Speaker 5: to get some lunch. He like just dropped the girl

476
00:22:06,320 --> 00:22:09,080
Speaker 5: offt trail. She's arms folded, she's kight, And I'm like,

477
00:22:09,119 --> 00:22:11,919
Speaker 5: oh god, and you might had like penny buds at work. Now,

478
00:22:11,960 --> 00:22:14,320
Speaker 5: don't have that in office. So I was like, oh okay.

479
00:22:14,400 --> 00:22:15,960
Speaker 5: So I was like, so here's what's going to happen.

480
00:22:16,200 --> 00:22:17,960
Speaker 5: So we want to go through your loans and I

481
00:22:18,000 --> 00:22:20,119
Speaker 5: said and to the girl. I remember she was so upset.

482
00:22:20,160 --> 00:22:22,120
Speaker 5: She had that bad attitude. And then I just had

483
00:22:22,119 --> 00:22:24,119
Speaker 5: to get real for like two seconds, you know, I

484
00:22:24,200 --> 00:22:25,560
Speaker 5: was like, look, so look this was about to be

485
00:22:25,880 --> 00:22:28,080
Speaker 5: I was like, I really think that this man likes you.

486
00:22:28,200 --> 00:22:31,000
Speaker 5: He likes you enough to have booked disappointment. He thinks

487
00:22:31,040 --> 00:22:33,560
Speaker 5: highly enough of you. That probably means he may want

488
00:22:33,600 --> 00:22:37,080
Speaker 5: to propose get married soon. But he's very serious about

489
00:22:37,119 --> 00:22:39,159
Speaker 5: his money and he's not going to propose to you

490
00:22:39,240 --> 00:22:41,480
Speaker 5: unless you tackle your student loan. That because I think

491
00:22:41,520 --> 00:22:43,960
Speaker 5: she told him right. So I said, so what we're

492
00:22:43,960 --> 00:22:45,600
Speaker 5: going to do is we're going to put you on

493
00:22:45,640 --> 00:22:48,080
Speaker 5: this plan. And I think she was eligible for PSL left.

494
00:22:48,119 --> 00:22:50,639
Speaker 5: I said, and then when he comes back, you're going

495
00:22:50,720 --> 00:22:53,320
Speaker 5: to tell him the game plan, like all excited, enthusiastic,

496
00:22:53,359 --> 00:22:54,480
Speaker 5: you got it, but I don't know, Like I just

497
00:22:54,520 --> 00:22:56,920
Speaker 5: think of a whole different person. And she was like, okay,

498
00:22:57,119 --> 00:22:58,680
Speaker 5: So we did work it out to where a payment

499
00:22:58,720 --> 00:23:01,000
Speaker 5: will be one thirty. She was in all on PSL left.

500
00:23:01,000 --> 00:23:03,720
Speaker 5: And then you could see his face was like, oh,

501
00:23:03,880 --> 00:23:05,919
Speaker 5: all right, okay, so but you're saying, is all she

502
00:23:05,960 --> 00:23:07,760
Speaker 5: gotta do is so he was like real light after

503
00:23:07,800 --> 00:23:10,080
Speaker 5: that because it was real tense. And then sure enough,

504
00:23:10,119 --> 00:23:12,359
Speaker 5: you know, I stopped him. I wanted to see like

505
00:23:12,400 --> 00:23:15,080
Speaker 5: six months later he proposed, but now, like I don't

506
00:23:15,080 --> 00:23:17,520
Speaker 5: think he would have not proposed it. Well, we don't know, really,

507
00:23:18,080 --> 00:23:21,520
Speaker 5: but he really needed to feel comfortable that she was

508
00:23:21,560 --> 00:23:23,640
Speaker 5: on top of her loan day. And so it does

509
00:23:23,720 --> 00:23:26,200
Speaker 5: come up in dating and trying to buy home together.

510
00:23:26,280 --> 00:23:28,960
Speaker 2: Student loan, doctor, solash, marriage counselor.

511
00:23:28,680 --> 00:23:31,760
Speaker 4: Salute, salute that man. So let me ask you this. Okay.

512
00:23:31,840 --> 00:23:36,640
Speaker 4: So me, I'm a slow learner and fortunately I never

513
00:23:36,680 --> 00:23:40,760
Speaker 4: had to deal with any of this stuff. So all

514
00:23:40,800 --> 00:23:42,480
Speaker 4: of this stuff is like kind of foreign to me.

515
00:23:43,200 --> 00:23:45,840
Speaker 4: So for people that you know, might be in the

516
00:23:45,880 --> 00:23:47,840
Speaker 4: same boat as me, and they might have children, they

517
00:23:47,880 --> 00:23:49,920
Speaker 4: might not affect them, but they might have children. So sure,

518
00:23:50,440 --> 00:23:53,000
Speaker 4: let's try to let's try to unpack this a little bit.

519
00:23:53,080 --> 00:23:56,439
Speaker 4: So it's like all these different loans, which one is

520
00:23:56,480 --> 00:23:58,879
Speaker 4: the best loan to get in? I know that's like

521
00:23:58,880 --> 00:24:01,000
Speaker 4: a hard question, but which one is the best loan

522
00:24:01,040 --> 00:24:03,720
Speaker 4: to get in? And then if you are in a

523
00:24:03,920 --> 00:24:08,439
Speaker 4: bad loan, how can you maneuver into a good one.

524
00:24:08,880 --> 00:24:11,600
Speaker 5: So with the federal government, there's only like one type

525
00:24:11,600 --> 00:24:13,880
Speaker 5: of loan. It's just a federal loan. Right, And so

526
00:24:14,080 --> 00:24:16,919
Speaker 5: when we have students going to college, what's called them

527
00:24:16,920 --> 00:24:19,600
Speaker 5: award letter. They'll be told if they get any grants,

528
00:24:19,640 --> 00:24:22,280
Speaker 5: any scholarships, and then on the award letter it'll say

529
00:24:22,400 --> 00:24:27,040
Speaker 5: unsubbed and sub right, and so submeans loans that have

530
00:24:27,200 --> 00:24:31,120
Speaker 5: interests that's paid for by the government. Unsub means the interests.

531
00:24:31,119 --> 00:24:33,720
Speaker 5: You're responsible from day one. As to Howard A. Cruz,

532
00:24:34,240 --> 00:24:36,680
Speaker 5: parents get jammed up when they apply for what's called

533
00:24:36,720 --> 00:24:39,679
Speaker 5: the parent plus loan. It's like the double child of

534
00:24:39,840 --> 00:24:43,760
Speaker 5: student loans. Like it's bad, but they really make it

535
00:24:43,800 --> 00:24:46,840
Speaker 5: to where parents get trapped with it's like kind of

536
00:24:46,840 --> 00:24:47,440
Speaker 5: a private loan.

537
00:24:47,880 --> 00:24:49,879
Speaker 2: Yeah, that was just going to say, that's a difference

538
00:24:49,880 --> 00:24:52,080
Speaker 2: between the federal, the federal and the privates.

539
00:24:52,200 --> 00:24:54,359
Speaker 5: Right, and because the interest rate is horrible, like seven

540
00:24:54,400 --> 00:24:57,440
Speaker 5: point eight, most times they want you to go into

541
00:24:57,480 --> 00:25:00,360
Speaker 5: repayment right away. They do hit and look get your

542
00:25:00,400 --> 00:25:02,480
Speaker 5: credit and so then you got to decide who has

543
00:25:02,520 --> 00:25:05,480
Speaker 5: better credit, Mom or dad when doing the application. If

544
00:25:05,520 --> 00:25:07,720
Speaker 5: mom or Dad gets denied, the child can get two

545
00:25:07,800 --> 00:25:11,400
Speaker 5: thousand additional per the semester. But if you're going anywhere

546
00:25:11,440 --> 00:25:13,399
Speaker 5: outside of the state school, like if we're here in

547
00:25:13,400 --> 00:25:17,200
Speaker 5: New York, that money should be enough to cover that tuition.

548
00:25:18,200 --> 00:25:20,800
Speaker 5: But when people go to more expensive schools, what happens.

549
00:25:20,960 --> 00:25:21,639
Speaker 5: They got to take.

550
00:25:21,480 --> 00:25:23,560
Speaker 4: Out private, private.

551
00:25:23,200 --> 00:25:26,639
Speaker 5: Loans, And now private loans are really like the death

552
00:25:26,640 --> 00:25:32,560
Speaker 5: of our economy, particularly for black millennials, because everyone wants

553
00:25:32,640 --> 00:25:35,879
Speaker 5: to go to an HBCU, right, but everybody's not getting

554
00:25:35,920 --> 00:25:39,080
Speaker 5: full funding to go to an HBCU. So I see

555
00:25:39,119 --> 00:25:41,879
Speaker 5: a lot of graduates that come out the most it

556
00:25:42,000 --> 00:25:46,320
Speaker 5: can borrow is fifty seven thousand, five hundred undergrad and

557
00:25:46,440 --> 00:25:49,800
Speaker 5: then they have like one hundred thousand and private loan debt.

558
00:25:50,160 --> 00:25:52,600
Speaker 5: Let me be really clear, one hundred thousand private loan

559
00:25:52,720 --> 00:25:56,280
Speaker 5: is different than one hundred thousand federal. And the reason

560
00:25:56,280 --> 00:25:58,359
Speaker 5: it is is because if you owe one hundred thousand,

561
00:25:58,440 --> 00:26:01,560
Speaker 5: your payment could still only be two hundred dollars based

562
00:26:01,600 --> 00:26:03,679
Speaker 5: off your income and who you take care of. But

563
00:26:03,720 --> 00:26:06,040
Speaker 5: with a private loan, that payment's going to be one

564
00:26:06,040 --> 00:26:07,919
Speaker 5: thousand dollars with a period behind it.

565
00:26:08,240 --> 00:26:11,560
Speaker 2: Then the f work comes for barance. So well, no,

566
00:26:12,440 --> 00:26:12,920
Speaker 2: not with private.

567
00:26:13,119 --> 00:26:17,280
Speaker 4: Federal can so federal loans all of these programs, income

568
00:26:17,280 --> 00:26:20,520
Speaker 4: based programs, all of that, but private loans there's no

569
00:26:20,640 --> 00:26:22,520
Speaker 4: kind of program to lower the payment.

570
00:26:22,880 --> 00:26:26,479
Speaker 5: No, your lender may have something like NAVI and may say, well,

571
00:26:26,480 --> 00:26:29,080
Speaker 5: we'll allow you to do something for bearance, but then

572
00:26:29,119 --> 00:26:32,000
Speaker 5: the interest is still capitalizing the time you come out

573
00:26:32,000 --> 00:26:34,560
Speaker 5: of it. The payment's now like thirteen hundred a month,

574
00:26:34,960 --> 00:26:38,480
Speaker 5: so it's really no relief. Now, let me say this,

575
00:26:38,600 --> 00:26:42,240
Speaker 5: there are only two states, Pennsylvania and Texas that will

576
00:26:42,280 --> 00:26:45,879
Speaker 5: not allow private loan that to take over your income

577
00:26:45,960 --> 00:26:50,240
Speaker 5: like garnish your wages. But New York definitely we get

578
00:26:50,280 --> 00:26:53,080
Speaker 5: a lot of clients that call in crying literally because

579
00:26:53,359 --> 00:26:57,679
Speaker 5: they get their paychecks snatched up to twenty five percent. Georgia,

580
00:26:57,720 --> 00:27:00,560
Speaker 5: particularly Florida. I'm just thinking about where we get the

581
00:27:00,560 --> 00:27:04,800
Speaker 5: most cast from with that issue, Boston, Massachusetts. So if

582
00:27:04,800 --> 00:27:07,119
Speaker 5: you're listening to this and you have private loan debt, right,

583
00:27:07,119 --> 00:27:08,880
Speaker 5: because I know that's the question that comes up a lot.

584
00:27:09,280 --> 00:27:11,760
Speaker 5: The goal is to get your credit up as best

585
00:27:11,800 --> 00:27:15,439
Speaker 5: as possible so that you can refinance your loans. This

586
00:27:15,560 --> 00:27:18,919
Speaker 5: is the best time to refinance private loan debt. But

587
00:27:19,040 --> 00:27:22,879
Speaker 5: I have an asterisk so because I do believe with

588
00:27:22,920 --> 00:27:24,919
Speaker 5: the Biden administration that there is going to be a

589
00:27:24,960 --> 00:27:27,919
Speaker 5: form of loan forgiveness ten thousand and fifty thousand or

590
00:27:27,920 --> 00:27:31,120
Speaker 5: one hundred percent through the Higher Education Act of nineteen

591
00:27:31,200 --> 00:27:34,680
Speaker 5: sixty five. The President elect is already allowed as soon

592
00:27:34,720 --> 00:27:37,320
Speaker 5: as he takes office. He could just sign it off

593
00:27:37,880 --> 00:27:38,560
Speaker 5: in one stroke.

594
00:27:40,720 --> 00:27:42,919
Speaker 2: So that's that's that's a good point. It's still a

595
00:27:42,920 --> 00:27:45,240
Speaker 2: loan debt. And so those are some of the proposals.

596
00:27:45,320 --> 00:27:48,320
Speaker 2: Right there is everybody who has student federal student loan

597
00:27:48,359 --> 00:27:51,320
Speaker 2: that outside we're going to confuse it with private they're

598
00:27:51,320 --> 00:27:53,159
Speaker 2: going to get ten thousand dollars if he signs it,

599
00:27:53,240 --> 00:27:56,760
Speaker 2: right or or the other proposal is we can do

600
00:27:56,840 --> 00:28:00,920
Speaker 2: ten thousand for five years, right or completely wipe away

601
00:28:00,960 --> 00:28:02,000
Speaker 2: everybody stood alone his.

602
00:28:02,000 --> 00:28:04,679
Speaker 5: Program ten thousand for five years. That'll just passed probably

603
00:28:04,720 --> 00:28:07,200
Speaker 5: through the Congress in the House. That's fine. But what

604
00:28:07,440 --> 00:28:10,840
Speaker 5: we know he has the authority to do, every president

605
00:28:11,000 --> 00:28:14,000
Speaker 5: has already had the authority to do. Is literally signed

606
00:28:14,119 --> 00:28:17,359
Speaker 5: one hundred percent at one point nine trillion away.

607
00:28:17,440 --> 00:28:20,080
Speaker 2: So here's my question. Right, let's say, because the average

608
00:28:20,080 --> 00:28:24,160
Speaker 2: person right has under twenty five thirty two thousand dollars

609
00:28:24,160 --> 00:28:28,159
Speaker 2: and shuit of loan, that there's no interest being applied

610
00:28:28,240 --> 00:28:30,399
Speaker 2: right now, only the principle you can pay toward that.

611
00:28:31,560 --> 00:28:33,080
Speaker 2: If we can do it, should we pay it off

612
00:28:33,119 --> 00:28:34,720
Speaker 2: or should we wait to the administration to come in

613
00:28:34,760 --> 00:28:35,560
Speaker 2: and see what happens.

614
00:28:36,119 --> 00:28:39,000
Speaker 5: So I get that question like almost every day. So

615
00:28:39,080 --> 00:28:41,640
Speaker 5: here's what I would say. There is going to be

616
00:28:41,720 --> 00:28:43,880
Speaker 5: something coming, and you know a president likes to make

617
00:28:43,920 --> 00:28:46,120
Speaker 5: his mark in the first one hundred days. Yeah, so

618
00:28:46,200 --> 00:28:48,440
Speaker 5: for real, for real, you you could wait, like you know,

619
00:28:48,480 --> 00:28:48,880
Speaker 5: about one.

620
00:28:48,840 --> 00:28:51,120
Speaker 2: Hundred I'm asking for a friend, I'm asking for a

621
00:28:51,120 --> 00:28:52,920
Speaker 2: frontone's watching this like right.

622
00:28:52,800 --> 00:28:54,720
Speaker 5: Now, you know, one hundred and thirty days out. I

623
00:28:54,760 --> 00:28:57,120
Speaker 5: would be on the minimum payment type of situation because

624
00:28:57,200 --> 00:28:59,800
Speaker 5: if something did come, let's say the big number that

625
00:28:59,840 --> 00:29:02,800
Speaker 5: the Democrats are pushing him to, it's fifty thousand, you

626
00:29:02,800 --> 00:29:05,040
Speaker 5: would have your loans right clear, but you're not getting

627
00:29:05,080 --> 00:29:07,920
Speaker 5: any money back that you put out right. So I think,

628
00:29:08,080 --> 00:29:09,960
Speaker 5: you know, it's bad to say this out loud, but

629
00:29:10,000 --> 00:29:12,360
Speaker 5: I would probably be a minimum payment to see what happens.

630
00:29:12,840 --> 00:29:13,760
Speaker 2: So I noted.

631
00:29:13,880 --> 00:29:16,000
Speaker 4: Let me ask you this as far as all right,

632
00:29:16,040 --> 00:29:19,320
Speaker 4: So I guess the best student loan to get in

633
00:29:19,440 --> 00:29:22,080
Speaker 4: is a federal loan out a private loan, Yes, the

634
00:29:22,160 --> 00:29:25,320
Speaker 4: best one. So when you get in, So those options

635
00:29:25,320 --> 00:29:28,920
Speaker 4: are just repayment options, Like there's only one federal student loan, right,

636
00:29:28,920 --> 00:29:30,760
Speaker 4: It's not like different types of federal student loans.

637
00:29:30,760 --> 00:29:32,440
Speaker 5: No, it's just one type of federal loan. The other

638
00:29:32,520 --> 00:29:34,480
Speaker 5: federal loans that they used to have, which are called

639
00:29:34,640 --> 00:29:39,000
Speaker 5: f f el or f f ELP or perkinsans. Yeah,

640
00:29:40,960 --> 00:29:44,440
Speaker 5: those are more so with colleges. Universities would give out

641
00:29:44,480 --> 00:29:47,680
Speaker 5: on behalf of the government. Those loans and programs have stopped.

642
00:29:48,160 --> 00:29:50,000
Speaker 5: If you are listening to this and you have an

643
00:29:50,080 --> 00:29:53,040
Speaker 5: f f el or f f el P or Perkins loan,

644
00:29:53,480 --> 00:29:56,760
Speaker 5: you should look into consolidating your loans into the direct

645
00:29:56,800 --> 00:30:00,360
Speaker 5: loans program so that you can take advantage of any

646
00:30:00,440 --> 00:30:04,400
Speaker 5: forgiveness that's coming. Because this current administration does not get

647
00:30:04,440 --> 00:30:08,239
Speaker 5: paid or even the Care Act. If you had a

648
00:30:08,560 --> 00:30:10,840
Speaker 5: loan that wasn't a direct loan even in the KRESAC,

649
00:30:10,880 --> 00:30:12,640
Speaker 5: they didn't pay for your loans right now, or they

650
00:30:12,640 --> 00:30:15,720
Speaker 5: didn't cover your loan deck. So you probably want to

651
00:30:15,720 --> 00:30:17,720
Speaker 5: look into consolidation and see if it's a good fit.

652
00:30:18,080 --> 00:30:20,720
Speaker 2: So, I mean it puts especially parents you know who

653
00:30:20,720 --> 00:30:24,320
Speaker 2: come from working class you know homes, because a lot

654
00:30:24,360 --> 00:30:26,960
Speaker 2: of times when you apply for student loans and your

655
00:30:26,960 --> 00:30:29,640
Speaker 2: parents make a certain amount or a decent living, you're

656
00:30:29,680 --> 00:30:31,680
Speaker 2: not going to get any right most times, Like I

657
00:30:31,720 --> 00:30:35,040
Speaker 2: remember applying for student loans and I got like two

658
00:30:35,160 --> 00:30:37,440
Speaker 2: hundred and forty six dollars. I'm like, this is like

659
00:30:37,480 --> 00:30:39,520
Speaker 2: one book, and so it forces you almost to say,

660
00:30:39,520 --> 00:30:40,640
Speaker 2: like I got to take out this loan and I

661
00:30:40,640 --> 00:30:43,000
Speaker 2: got to go to private route. So what are we

662
00:30:43,000 --> 00:30:45,280
Speaker 2: doing in those scenarios? Is it just like try your

663
00:30:45,280 --> 00:30:47,680
Speaker 2: basket scholarships or look for grants? What are we supposed to.

664
00:30:47,680 --> 00:30:49,280
Speaker 5: Do so a student going into college?

665
00:30:49,320 --> 00:30:49,520
Speaker 2: Yeah?

666
00:30:49,800 --> 00:30:52,160
Speaker 5: Right, So a couple of things. If you're a student

667
00:30:52,200 --> 00:30:53,760
Speaker 5: listening to this, I know you guys do have a

668
00:30:53,800 --> 00:30:56,760
Speaker 5: good audience that's younger. You know, I believe it what's

669
00:30:56,800 --> 00:31:01,600
Speaker 5: called scholarship Sundays. So I would recommend that started, uh,

670
00:31:02,120 --> 00:31:05,200
Speaker 5: sophomore in junior year, you start looking for the scholarships

671
00:31:05,200 --> 00:31:08,400
Speaker 5: you're gonna apply to most times in junior year, right,

672
00:31:08,840 --> 00:31:10,600
Speaker 5: and the challenge but all of this is and what

673
00:31:10,640 --> 00:31:14,520
Speaker 5: it comes down to is as parents, we don't prepare

674
00:31:14,880 --> 00:31:18,280
Speaker 5: weld enough. And by no fault to anybody listening, like,

675
00:31:18,360 --> 00:31:21,120
Speaker 5: don't feel bad that you didn't prepare, but just know

676
00:31:21,280 --> 00:31:24,840
Speaker 5: that this generation right here, the millennial generation, has to

677
00:31:24,880 --> 00:31:27,200
Speaker 5: be the one that ends the loan. That Like, first off,

678
00:31:27,240 --> 00:31:29,760
Speaker 5: if you're listening to your podcast and they're listening, they

679
00:31:29,800 --> 00:31:32,360
Speaker 5: shouldn't even be thinking about their child having to take

680
00:31:32,360 --> 00:31:35,080
Speaker 5: out stud loans. Like that's kind true digtive. Everything you

681
00:31:35,080 --> 00:31:36,560
Speaker 5: guys teach in terms of well filled.

682
00:31:37,320 --> 00:31:39,040
Speaker 2: We just had this conversation of the night, like whose

683
00:31:39,040 --> 00:31:43,120
Speaker 2: responsibility is is it? The parents are acting preparation the issue.

684
00:31:43,120 --> 00:31:46,200
Speaker 5: Look, I'm like, I'm at we first.

685
00:31:46,000 --> 00:31:48,400
Speaker 2: Like so a lot of us are first generation college graduates,

686
00:31:48,440 --> 00:31:50,400
Speaker 2: and so like our parents, my parents are our from

687
00:31:50,440 --> 00:31:52,440
Speaker 2: this country, they didn't they don't know these things, and

688
00:31:52,480 --> 00:31:54,880
Speaker 2: so like now I'm looking at my responsibility for my children.

689
00:31:54,920 --> 00:31:56,880
Speaker 2: It's like, we don't. We're never gonna have to.

690
00:31:56,800 --> 00:31:58,640
Speaker 4: Take so so all right, so let me ask you

691
00:31:58,680 --> 00:32:00,600
Speaker 4: this because fortunately like saying I don't have to go

692
00:32:00,600 --> 00:32:02,200
Speaker 4: through this process because I play basketball and I had

693
00:32:02,200 --> 00:32:02,720
Speaker 4: a scholarship.

694
00:32:02,960 --> 00:32:04,120
Speaker 2: He's a scholarship.

695
00:32:06,320 --> 00:32:07,080
Speaker 5: A little different.

696
00:32:09,280 --> 00:32:10,719
Speaker 2: That's where you don't got a student loan. That that's

697
00:32:10,760 --> 00:32:11,360
Speaker 2: what you look like.

698
00:32:13,240 --> 00:32:16,000
Speaker 5: Right now over there, He's.

699
00:32:15,880 --> 00:32:18,280
Speaker 2: Like, what is this? F h A you're talking about? Troy?

700
00:32:18,320 --> 00:32:19,640
Speaker 4: You got to work on your jump shot.

701
00:32:20,880 --> 00:32:24,520
Speaker 2: I'm like, yeah, I.

702
00:32:24,400 --> 00:32:27,040
Speaker 5: Had scholarships in college. Can I be believe really honest

703
00:32:27,080 --> 00:32:29,720
Speaker 5: with you, I just didn't have guidance to tell me

704
00:32:29,760 --> 00:32:32,480
Speaker 5: then not take out the refund check. So I didn't

705
00:32:32,480 --> 00:32:34,880
Speaker 5: have a lot. I'm gonna be real. Like in college show,

706
00:32:35,120 --> 00:32:39,680
Speaker 5: I was living I'm living good now, but in college

707
00:32:39,720 --> 00:32:41,160
Speaker 5: I was living right under this level.

708
00:32:41,200 --> 00:32:42,920
Speaker 2: And I know that's not weird, but I had a

709
00:32:42,960 --> 00:32:45,240
Speaker 2: full ride refund checked week.

710
00:32:45,200 --> 00:32:48,280
Speaker 5: No fuddy as a young black kid. Somebody saying, come

711
00:32:48,320 --> 00:32:52,120
Speaker 5: to the bursar's office and pick up five thousand every semester.

712
00:32:53,040 --> 00:32:57,600
Speaker 5: What true religious? Yo, listen, true religious? If you was

713
00:32:57,680 --> 00:32:59,480
Speaker 5: my friend, I got you up here. I didn't want

714
00:32:59,480 --> 00:33:01,880
Speaker 5: to walk on kid. We didn't look fly together. We're

715
00:33:01,880 --> 00:33:04,840
Speaker 5: not eating campus food. We're gonna run lobster and I'm

716
00:33:04,880 --> 00:33:06,280
Speaker 5: like the first half of car you a College was

717
00:33:06,280 --> 00:33:08,120
Speaker 5: so fun, But that's because I had a lot of

718
00:33:08,120 --> 00:33:11,160
Speaker 5: money coming in from scholarships that the refunds that I

719
00:33:11,240 --> 00:33:13,920
Speaker 5: did take was like play money because I didn't understand them,

720
00:33:14,440 --> 00:33:17,280
Speaker 5: if that makes sense. Yeah, Like Sundays.

721
00:33:16,760 --> 00:33:20,480
Speaker 2: We're all here eating, yo, like made us overhead.

722
00:33:20,560 --> 00:33:23,160
Speaker 5: You know, if I had real friends, I kind of

723
00:33:23,200 --> 00:33:25,440
Speaker 5: brought a lot of friendships because I I've always been

724
00:33:25,840 --> 00:33:27,600
Speaker 5: very generous and I have a good heart and I'm

725
00:33:27,600 --> 00:33:29,800
Speaker 5: really if I eat, you eat, That's how I feel.

726
00:33:30,200 --> 00:33:31,760
Speaker 5: And it used to be to the point look at

727
00:33:31,800 --> 00:33:36,200
Speaker 5: the Brian's like you said yes, yeah, so like on Sundays,

728
00:33:36,240 --> 00:33:38,600
Speaker 5: it's like, so digress. But like I was like, all right,

729
00:33:38,640 --> 00:33:40,600
Speaker 5: I'm cooking. I'm not a cook. I'm like, if you

730
00:33:40,680 --> 00:33:44,040
Speaker 5: want to contribute to stories, I'm like, put the pack

731
00:33:44,080 --> 00:33:46,000
Speaker 5: of fish with your name on the city so I

732
00:33:46,040 --> 00:33:47,840
Speaker 5: know that you can come back. Because they would drop

733
00:33:47,920 --> 00:33:49,680
Speaker 5: up all types of food. Oh my god, friends and

734
00:33:49,680 --> 00:33:51,840
Speaker 5: a lot of goudfriends, like you could do five fishes

735
00:33:51,880 --> 00:33:52,720
Speaker 5: dropped off at the door.

736
00:33:53,400 --> 00:33:54,920
Speaker 2: Yeah like that.

737
00:33:56,040 --> 00:34:00,440
Speaker 4: And then all that college I had this this a

738
00:34:00,480 --> 00:34:04,360
Speaker 4: true story. I know one year, for one year straight,

739
00:34:04,400 --> 00:34:05,960
Speaker 4: I ate tuna fish every day.

740
00:34:05,760 --> 00:34:08,680
Speaker 5: For one year on year straight. Eight mom and noodles.

741
00:34:08,680 --> 00:34:11,440
Speaker 5: And imagine that wall being stacked that with MoMA noodles.

742
00:34:11,600 --> 00:34:14,880
Speaker 5: Beef shrimp you want today, I don't want that.

743
00:34:15,080 --> 00:34:18,200
Speaker 2: I was like, we got options, beef oil.

744
00:34:18,800 --> 00:34:20,680
Speaker 4: I haven't had tun official and I still eat it

745
00:34:20,719 --> 00:34:22,279
Speaker 4: every once in a while, but now I eat it

746
00:34:22,320 --> 00:34:24,920
Speaker 4: in a salad. I was eating it on a sandwich

747
00:34:25,040 --> 00:34:26,160
Speaker 4: like jacked up.

748
00:34:26,640 --> 00:34:26,759
Speaker 2: Na.

749
00:34:26,840 --> 00:34:29,600
Speaker 4: You know the thing about it is playing sports. So

750
00:34:29,600 --> 00:34:31,560
Speaker 4: so my first two years was in Maryland, my next

751
00:34:31,600 --> 00:34:35,360
Speaker 4: two years was in Hawaii. So Maryland, the scholarship included

752
00:34:35,560 --> 00:34:38,600
Speaker 4: just the cafeteria food and dorm rooms and all that.

753
00:34:38,640 --> 00:34:41,200
Speaker 4: When I went to Hawaii, everything was paid for, but

754
00:34:41,239 --> 00:34:42,719
Speaker 4: they gave me a check. They gave me a check

755
00:34:42,719 --> 00:34:44,480
Speaker 4: for like six thousand dollars and then that was to

756
00:34:44,520 --> 00:34:47,799
Speaker 4: pay for my off campus apartment, pay for food and

757
00:34:47,840 --> 00:34:50,040
Speaker 4: all of that. So I blew it. I was on

758
00:34:50,040 --> 00:34:51,640
Speaker 4: my own, so I was just going grocery shopping. But

759
00:34:51,640 --> 00:34:52,799
Speaker 4: I ain't I didn't know how to cook. I had

760
00:34:52,840 --> 00:34:54,239
Speaker 4: a form and grow. I was just putting anything on

761
00:34:54,239 --> 00:34:57,160
Speaker 4: the form and grow. And then I was just making friends.

762
00:34:58,120 --> 00:35:01,000
Speaker 2: Yeah, we thought we was, I mean eleven hours away.

763
00:35:01,640 --> 00:35:02,560
Speaker 2: It was back in New York.

764
00:35:05,760 --> 00:35:08,640
Speaker 4: So yeah, so you know it was. It was tough,

765
00:35:08,680 --> 00:35:10,640
Speaker 4: but we made it through. We made it through. We

766
00:35:10,680 --> 00:35:11,200
Speaker 4: made it through.

767
00:35:11,520 --> 00:35:18,560
Speaker 2: You see what I'm saying that you can put tune

768
00:35:18,600 --> 00:35:20,120
Speaker 2: in your salad when you're got pray student loan.

769
00:35:20,320 --> 00:35:22,919
Speaker 4: So it so let me ask you this. So yeah,

770
00:35:22,960 --> 00:35:25,880
Speaker 4: so as far as parents, right, it's interesting what you

771
00:35:25,880 --> 00:35:27,480
Speaker 4: just said. You said, if they're listening to this, they

772
00:35:27,480 --> 00:35:30,080
Speaker 4: shouldn't even be worried about that. So what is your

773
00:35:30,120 --> 00:35:35,399
Speaker 4: advice for parents? Like, because it's like, all right, so

774
00:35:35,520 --> 00:35:38,200
Speaker 4: if they can't afford to send their kids to college, right,

775
00:35:39,280 --> 00:35:42,560
Speaker 4: should they just go community college and then state school

776
00:35:42,640 --> 00:35:45,520
Speaker 4: and just only do federal like should they never do

777
00:35:46,320 --> 00:35:48,560
Speaker 4: At what point does it make sense to do student

778
00:35:48,600 --> 00:35:50,320
Speaker 4: loans or does it really make sense to do to

779
00:35:50,360 --> 00:35:50,600
Speaker 4: the loan?

780
00:35:50,680 --> 00:35:52,680
Speaker 5: So some license but not a license in this section

781
00:35:52,760 --> 00:35:55,279
Speaker 5: something with teater lightly, but I think it would be

782
00:35:55,400 --> 00:35:57,960
Speaker 5: best to be everyone to google the five to nine

783
00:35:58,000 --> 00:36:00,800
Speaker 5: plan in their state and then talk to since professional

784
00:36:01,120 --> 00:36:03,200
Speaker 5: that can talk to you about a five to nine plan,

785
00:36:03,480 --> 00:36:06,040
Speaker 5: because if you are I call what's called the sticky

786
00:36:06,080 --> 00:36:08,879
Speaker 5: middle middle classes, what's called the sticky middle not enough

787
00:36:08,920 --> 00:36:12,439
Speaker 5: to get a full grant ride, but not wealthy enough

788
00:36:12,480 --> 00:36:15,280
Speaker 5: to pay out a pocket right, So that sticky middle

789
00:36:15,360 --> 00:36:17,960
Speaker 5: is that's where a lot of people suffer. They're like, oh,

790
00:36:18,000 --> 00:36:20,520
Speaker 5: you should be able to contribute to your child's education,

791
00:36:21,040 --> 00:36:24,480
Speaker 5: and most people can't. So what happens is the student loan,

792
00:36:24,520 --> 00:36:26,440
Speaker 5: that the private loan, that the parent plus loan that

793
00:36:26,520 --> 00:36:28,920
Speaker 5: comes into play. But there is something called really a

794
00:36:28,960 --> 00:36:31,279
Speaker 5: big proponent a fan of, called the five to nine plan,

795
00:36:31,600 --> 00:36:34,080
Speaker 5: where someone that has a child early on or a

796
00:36:34,120 --> 00:36:38,319
Speaker 5: grandchild can start to contribute to their child's education. And

797
00:36:38,360 --> 00:36:40,480
Speaker 5: we can have a five to nine party every year

798
00:36:40,560 --> 00:36:43,000
Speaker 5: or on the birthday So I know a few people

799
00:36:43,080 --> 00:36:45,960
Speaker 5: that their child at age nine has their college fully

800
00:36:46,000 --> 00:36:47,520
Speaker 5: paid for at today's prices.

801
00:36:47,640 --> 00:36:50,920
Speaker 2: So the five to nine party, no gifts would just contributed.

802
00:36:50,480 --> 00:36:52,759
Speaker 5: To the plane literally bringing it like you can find

803
00:36:52,800 --> 00:36:55,040
Speaker 5: a deposit or you can just bring a twenty like that.

804
00:36:55,120 --> 00:36:56,640
Speaker 4: You can write a check too from check book the

805
00:36:56,680 --> 00:36:59,799
Speaker 4: five twenty nine a few times on a podcast. All right,

806
00:36:59,840 --> 00:37:02,719
Speaker 4: So your philosophy is like you should be playing to

807
00:37:02,719 --> 00:37:03,560
Speaker 4: pay for college.

808
00:37:03,680 --> 00:37:06,520
Speaker 5: Don't rely on because you know that our culture and

809
00:37:06,680 --> 00:37:10,120
Speaker 5: when I say our African Americans, we don't believe in

810
00:37:10,200 --> 00:37:12,520
Speaker 5: picking up the ten for our kids in this extent.

811
00:37:12,960 --> 00:37:15,759
Speaker 5: But in other cultures, like I've been studying this, it

812
00:37:15,920 --> 00:37:17,920
Speaker 5: is expected that the parent pays for that.

813
00:37:18,280 --> 00:37:18,960
Speaker 4: It's like a wedding.

814
00:37:19,160 --> 00:37:21,040
Speaker 5: Yeah, but in our culture, what do we pay for it?

815
00:37:21,120 --> 00:37:23,600
Speaker 2: Right at all? Oh?

816
00:37:23,640 --> 00:37:27,719
Speaker 5: Yeah, problems we do that any weddings, right car baby showers, baby.

817
00:37:27,400 --> 00:37:31,600
Speaker 2: Showers show we get the more baby showers and weddings,

818
00:37:32,120 --> 00:37:33,120
Speaker 2: that's the fact, right.

819
00:37:33,600 --> 00:37:38,839
Speaker 4: The Birdberry shirt was a staple at baby shower.

820
00:37:38,880 --> 00:37:42,439
Speaker 2: That's how you know who the father was the Burberry shirt.

821
00:37:42,440 --> 00:37:46,759
Speaker 2: That's not you know what also too, and to go

822
00:37:46,880 --> 00:37:49,440
Speaker 2: along with that, is that we got to change the

823
00:37:49,440 --> 00:37:52,279
Speaker 2: stigma on community college. Yes, especially in New York. Man

824
00:37:52,800 --> 00:37:55,560
Speaker 2: it's like people feel like I feel like I'm not

825
00:37:55,600 --> 00:37:59,880
Speaker 2: going anywhere. Yes, Like number one, if you get a

826
00:38:00,239 --> 00:38:02,520
Speaker 2: if you get a level arts degree, it won't matter

827
00:38:02,560 --> 00:38:07,120
Speaker 2: because you're gonna be able to he's dying. It won't matter.

828
00:38:07,120 --> 00:38:09,200
Speaker 2: I mean, you can still transfer after two years plus

829
00:38:09,239 --> 00:38:11,960
Speaker 2: you're gonna save yourself maybe fifty to one hundred thousand

830
00:38:12,040 --> 00:38:13,920
Speaker 2: dollars by just staying home. You know what I mean.

831
00:38:13,960 --> 00:38:15,839
Speaker 2: You're not paying rumin board, You're still eating a home.

832
00:38:16,040 --> 00:38:16,520
Speaker 5: Here's the head.

833
00:38:16,600 --> 00:38:17,480
Speaker 2: The stigma's crazy.

834
00:38:17,600 --> 00:38:21,240
Speaker 5: I'm a reformed college professor, right, and I could teach

835
00:38:21,239 --> 00:38:23,200
Speaker 5: at a community college or I could teach at a

836
00:38:23,239 --> 00:38:27,160
Speaker 5: private institution. It was the same class, the same textbook.

837
00:38:27,600 --> 00:38:30,080
Speaker 5: I just got paid a little different. But the students

838
00:38:30,120 --> 00:38:32,480
Speaker 5: were paying at the community college to see me on

839
00:38:32,520 --> 00:38:35,279
Speaker 5: Tuesday three hundred dollars. At the private college they were

840
00:38:35,320 --> 00:38:41,680
Speaker 5: paying sixteen hundred class, same professor, same book. Just catch

841
00:38:41,760 --> 00:38:42,600
Speaker 5: me on a different show.

842
00:38:43,400 --> 00:38:47,560
Speaker 4: And once you it's like, if you have a bachelor's

843
00:38:47,560 --> 00:38:50,080
Speaker 4: degree and you went to community college, they don't count

844
00:38:50,120 --> 00:38:52,320
Speaker 4: your associate The only thing that matterges your bachelor's degree.

845
00:38:52,480 --> 00:38:54,359
Speaker 4: You have a master's degree. The only thing that really

846
00:38:54,360 --> 00:38:56,120
Speaker 4: manages your master's degree. So like a lot of people

847
00:38:56,160 --> 00:38:58,239
Speaker 4: even think like the first four years if you if

848
00:38:58,280 --> 00:39:00,319
Speaker 4: you know you're going to be a doctor, like go

849
00:39:00,360 --> 00:39:02,480
Speaker 4: to a good undergrad but don't spend all of your

850
00:39:02,520 --> 00:39:04,920
Speaker 4: money on it, like because your master's program is can

851
00:39:04,920 --> 00:39:07,080
Speaker 4: be more important. Like you know, he went to community college,

852
00:39:07,640 --> 00:39:11,439
Speaker 4: Barack Obama, No nobody knows that because they only look

853
00:39:11,440 --> 00:39:13,799
Speaker 4: at Harvard. I think he went to where do you

854
00:39:13,840 --> 00:39:16,279
Speaker 4: go before Harvard? Columbia? He went to Columbia, and he

855
00:39:16,280 --> 00:39:19,000
Speaker 4: went to Harvard. So it's like they only look at

856
00:39:19,040 --> 00:39:20,560
Speaker 4: that part of it, but they didn't look at the

857
00:39:20,560 --> 00:39:23,839
Speaker 4: two years he spent in community college. Nobody cares. But

858
00:39:23,960 --> 00:39:26,200
Speaker 4: now it's two years that you're going for next to nothing,

859
00:39:26,719 --> 00:39:30,160
Speaker 4: and a lot of kids aren't mature enough to actually

860
00:39:30,160 --> 00:39:32,000
Speaker 4: go away from home and they make a lot of mistakes.

861
00:39:32,000 --> 00:39:34,360
Speaker 4: So that's like, you know, it's the time to actually

862
00:39:34,640 --> 00:39:38,160
Speaker 4: develop and grow as a person. And now you got

863
00:39:38,160 --> 00:39:39,799
Speaker 4: two years on your belt, and now you can get

864
00:39:39,840 --> 00:39:40,759
Speaker 4: another two years if you want.

865
00:39:40,800 --> 00:39:43,040
Speaker 5: I'm gonna be honest with you. With COVID, I would

866
00:39:43,080 --> 00:39:46,680
Speaker 5: be pissed if I was paying that tuition and I'm

867
00:39:46,719 --> 00:39:51,319
Speaker 5: home with my friend that's home on the same platform

868
00:39:51,320 --> 00:39:54,759
Speaker 5: paying way less tuition. Like that's crazy, like I would

869
00:39:54,800 --> 00:39:57,760
Speaker 5: be enrolling and switching over to another school like personally.

870
00:39:57,800 --> 00:39:59,560
Speaker 4: So let me ask you this. As far as forbearans,

871
00:40:00,200 --> 00:40:04,360
Speaker 4: there's general forbearance and administrative forbearance. What is the difference

872
00:40:04,400 --> 00:40:05,200
Speaker 4: between those two?

873
00:40:05,360 --> 00:40:08,160
Speaker 5: So general for baras, I'll give you examples, like when

874
00:40:08,320 --> 00:40:10,920
Speaker 5: you need to call your lender like I don't got it,

875
00:40:11,040 --> 00:40:13,520
Speaker 5: Like so in thirty six months in the lifetime of

876
00:40:13,520 --> 00:40:16,520
Speaker 5: your loan that you can just extend in no questions asked.

877
00:40:16,800 --> 00:40:19,480
Speaker 5: Then you have what's called administrative for barans from the

878
00:40:19,480 --> 00:40:24,160
Speaker 5: government for whatever they determine as a permissible reason they

879
00:40:24,239 --> 00:40:27,560
Speaker 5: can cover your interests, right. And then you have what's

880
00:40:27,600 --> 00:40:30,759
Speaker 5: called economic deferment. That's when people don't know about this one,

881
00:40:30,760 --> 00:40:33,359
Speaker 5: but that's when you get laid off or you lost

882
00:40:33,400 --> 00:40:36,080
Speaker 5: your job, you have some paperwork that says that instead

883
00:40:36,080 --> 00:40:38,640
Speaker 5: of using your general forbearance moms, you want to use

884
00:40:38,640 --> 00:40:41,400
Speaker 5: your economic deferment. Or if you live in an area

885
00:40:41,440 --> 00:40:45,120
Speaker 5: that has really bad weather like hurricanes and so forth,

886
00:40:45,360 --> 00:40:48,560
Speaker 5: there's weather related deferments too that people can get so

887
00:40:48,560 --> 00:40:50,640
Speaker 5: that you don't have to again run through your thirty

888
00:40:50,680 --> 00:40:51,240
Speaker 5: six months?

889
00:40:51,239 --> 00:40:54,239
Speaker 4: How do you how would you know that? Do you like?

890
00:40:54,280 --> 00:40:56,839
Speaker 4: Because I didn't know that? Do you have to call

891
00:40:56,920 --> 00:40:59,239
Speaker 4: your lender? Like, yeah, you do? You offer weather for

892
00:40:59,280 --> 00:41:00,839
Speaker 4: a barans? Do you all for job?

893
00:41:01,239 --> 00:41:04,000
Speaker 5: Well, it's a government program, but it's again it's not

894
00:41:04,560 --> 00:41:07,960
Speaker 5: fully advertised. See that's the problem again with a lot

895
00:41:08,000 --> 00:41:11,560
Speaker 5: of our lenders in their website. Some websites some lenders

896
00:41:11,640 --> 00:41:14,160
Speaker 5: is super easy click here, go here. Some are like

897
00:41:14,560 --> 00:41:17,719
Speaker 5: contact that's an ingle hole for what thirty minutes? And

898
00:41:17,760 --> 00:41:19,680
Speaker 5: then people just like, oh, forget it, I'm not about

899
00:41:19,680 --> 00:41:21,800
Speaker 5: to pay them now. It hits your credit. It's a

900
00:41:21,840 --> 00:41:22,720
Speaker 5: cycle that happens.

901
00:41:23,000 --> 00:41:25,080
Speaker 2: So I got like a two part question. So do

902
00:41:25,280 --> 00:41:27,759
Speaker 2: COVID obviously count as an economic event? One?

903
00:41:27,880 --> 00:41:31,040
Speaker 5: Well, no administrative forbearance now that's what we're under with

904
00:41:31,080 --> 00:41:33,520
Speaker 5: the care says because it's a government enforced So.

905
00:41:33,520 --> 00:41:37,080
Speaker 2: And on the thirty first of January, that's done, and

906
00:41:37,120 --> 00:41:39,480
Speaker 2: now people are back into regular forbearans.

907
00:41:39,880 --> 00:41:41,360
Speaker 5: No, they're the real wor oh.

908
00:41:41,760 --> 00:41:44,160
Speaker 2: Payment time, payment time. So then if we're back in

909
00:41:44,160 --> 00:41:46,279
Speaker 2: payment time, people can now apply for how long is

910
00:41:46,320 --> 00:41:47,680
Speaker 2: that sixty twelve months or just six months?

911
00:41:47,640 --> 00:41:50,120
Speaker 5: We don't know how much they have left, Okay, I mean.

912
00:41:50,000 --> 00:41:51,360
Speaker 2: It took thirty six months.

913
00:41:51,200 --> 00:41:53,319
Speaker 5: Okay, but by the time somebody listens to this, they

914
00:41:53,400 --> 00:41:55,920
Speaker 5: probably out, Like you know, and if they had f

915
00:41:56,000 --> 00:42:00,920
Speaker 5: FLP loans or Perkinsons, they didn't qualify for the the

916
00:42:01,600 --> 00:42:03,320
Speaker 5: administrator for Barents, so they could have used some of

917
00:42:03,320 --> 00:42:04,640
Speaker 5: their general for Barans mouths on it.

918
00:42:05,760 --> 00:42:09,440
Speaker 4: So like bankruptcy, right, that's one of the things that

919
00:42:10,760 --> 00:42:12,759
Speaker 4: how does that affect How does like student loan play

920
00:42:12,760 --> 00:42:13,520
Speaker 4: a part into that?

921
00:42:13,800 --> 00:42:14,200
Speaker 2: Oh?

922
00:42:14,239 --> 00:42:18,439
Speaker 5: Well, you know my girlfriend Elizabeth Warren not really my girlfriend,

923
00:42:18,680 --> 00:42:21,319
Speaker 5: I'm just such a fan. So she is trying to

924
00:42:21,719 --> 00:42:24,240
Speaker 5: She just put a proposal through to revise the Chapter

925
00:42:24,320 --> 00:42:28,120
Speaker 5: ten bankruptcy laws to say, hey, we need to include

926
00:42:28,320 --> 00:42:33,560
Speaker 5: federal loan debt as a major economic impact. Like the

927
00:42:33,600 --> 00:42:35,920
Speaker 5: wording you can go look it up, but basically she

928
00:42:36,000 --> 00:42:37,840
Speaker 5: wants you to be able to give one hundred percent

929
00:42:37,920 --> 00:42:42,239
Speaker 5: forgiving through Chapter ten bankruptcy. Now, somebody uneducated is going

930
00:42:42,320 --> 00:42:45,239
Speaker 5: to watch this and go, I don't want to found bankuptcy.

931
00:42:45,719 --> 00:42:47,200
Speaker 5: Like you can go to my page and watch it, right,

932
00:42:47,480 --> 00:42:48,800
Speaker 5: and you used to see all the comments I'm like

933
00:42:48,880 --> 00:42:52,360
Speaker 5: m M and other cultures bankruptcy is a tool for

934
00:42:52,400 --> 00:42:55,400
Speaker 5: a financial reset. So if you're watching this and you

935
00:42:55,480 --> 00:42:58,440
Speaker 5: are twenty seven years old, you're thirty two. I'm not

936
00:42:58,640 --> 00:43:01,280
Speaker 5: be funny you you was up to thirty two bad credit.

937
00:43:01,280 --> 00:43:04,160
Speaker 5: You could go like seven more years and then get

938
00:43:04,520 --> 00:43:07,360
Speaker 5: a fresh restart. But the challenge is we just have

939
00:43:07,440 --> 00:43:09,960
Speaker 5: to be more knowledgeable on what a bankruptcy would look like.

940
00:43:10,200 --> 00:43:12,200
Speaker 5: You know, per you now are you're married? Right?

941
00:43:12,280 --> 00:43:12,520
Speaker 2: Yeah?

942
00:43:12,560 --> 00:43:14,920
Speaker 5: Okay, So how it would go with or how it

943
00:43:15,000 --> 00:43:18,000
Speaker 5: should go if let's say Troy takes from the bankruptcy

944
00:43:18,040 --> 00:43:20,200
Speaker 5: because he wants to clear his loan deck. So then

945
00:43:20,239 --> 00:43:22,479
Speaker 5: we know that his wife is going to be having

946
00:43:22,520 --> 00:43:24,640
Speaker 5: a lot of assets in her name for about seven

947
00:43:24,719 --> 00:43:27,080
Speaker 5: years and then well we don't know what could go

948
00:43:27,160 --> 00:43:29,680
Speaker 5: left or what happens. And other cultures, the Jewish cultures,

949
00:43:29,960 --> 00:43:32,440
Speaker 5: when you're done, the wife would then go into bankruptcy

950
00:43:32,480 --> 00:43:34,319
Speaker 5: and then you would have the perfect credit score. Does

951
00:43:34,360 --> 00:43:36,600
Speaker 5: that make sense that there's a switch out? So like

952
00:43:36,640 --> 00:43:39,040
Speaker 5: there's nobody ever like paying anything you.

953
00:43:39,000 --> 00:43:40,840
Speaker 4: Had mentioned that like as far as like even in

954
00:43:40,840 --> 00:43:43,880
Speaker 4: a relationship, you shouldn't have everything mingled.

955
00:43:44,080 --> 00:43:46,480
Speaker 5: No, no, no, I already got new.

956
00:43:47,520 --> 00:43:51,840
Speaker 2: About their personal No, that's that's valuable information because in

957
00:43:51,880 --> 00:43:54,200
Speaker 2: my mind I always thought like, yo, student that was

958
00:43:54,239 --> 00:43:57,160
Speaker 2: with you and student loan was with you until you died. Right,

959
00:43:57,160 --> 00:43:58,839
Speaker 2: It was like that there's no way to get out

960
00:43:58,840 --> 00:44:00,520
Speaker 2: of that but bankrupcy hopefully.

961
00:44:00,840 --> 00:44:03,360
Speaker 4: But that's the gym, not like I don't want to

962
00:44:03,360 --> 00:44:06,640
Speaker 4: breeze over that point. Why should it not be mingled?

963
00:44:07,280 --> 00:44:11,040
Speaker 5: Okay, yeah, no, So what happens is again because we

964
00:44:11,080 --> 00:44:13,640
Speaker 5: don't I'm gon keep talking about our culture as an

965
00:44:13,680 --> 00:44:16,319
Speaker 5: African American culture. I do a lot of start thought

966
00:44:16,400 --> 00:44:19,040
Speaker 5: and study around this. We don't know enough to look

967
00:44:19,080 --> 00:44:22,439
Speaker 5: at each person as an individual, business and entity. Right,

968
00:44:22,520 --> 00:44:25,600
Speaker 5: So let's say we're married. Shot, right, I don't want

969
00:44:25,680 --> 00:44:28,120
Speaker 5: everything in both of our names on paper, because now

970
00:44:28,239 --> 00:44:31,080
Speaker 5: the bank is looking like we're looking real tied up together.

971
00:44:31,560 --> 00:44:35,240
Speaker 5: My credit is affected, his credit is affected. Everybody shows

972
00:44:35,239 --> 00:44:37,920
Speaker 5: that they're the DTI is super high. But you gotta

973
00:44:38,000 --> 00:44:41,000
Speaker 5: trust who you're about to marry. Right, So let's say

974
00:44:41,080 --> 00:44:44,399
Speaker 5: the loan goes into Shat's name, but I am going

975
00:44:44,440 --> 00:44:46,520
Speaker 5: to be on the d you see what I'm saying.

976
00:44:48,000 --> 00:44:50,680
Speaker 5: And then now maybe I get the investment property in

977
00:44:50,960 --> 00:44:53,120
Speaker 5: my name, and then he's going to go on to

978
00:44:53,280 --> 00:44:56,960
Speaker 5: the deed as well. But from a long standpoint, from

979
00:44:57,000 --> 00:45:00,000
Speaker 5: a credit standpoint, we have two separate properties. We're not

980
00:45:00,000 --> 00:45:01,399
Speaker 5: I can mingle on the same loan.

981
00:45:02,320 --> 00:45:04,360
Speaker 4: That's that's a gym right there. That's a gym right there.

982
00:45:04,360 --> 00:45:06,360
Speaker 4: Because a lot of time people dont full understand Julian Gordon.

983
00:45:06,600 --> 00:45:08,680
Speaker 4: You ever heard of him, You know, he's a he's

984
00:45:08,719 --> 00:45:11,120
Speaker 4: a real estate job and that's what he's talking about.

985
00:45:11,120 --> 00:45:14,480
Speaker 4: Like he said, don't buy your first property when you're married.

986
00:45:14,600 --> 00:45:17,480
Speaker 4: You should buy like when you're engaged. Each person buy

987
00:45:17,520 --> 00:45:19,640
Speaker 4: a property that way when you get married. Now you

988
00:45:19,719 --> 00:45:24,280
Speaker 4: got two properties, two different people's names, and it increases

989
00:45:24,320 --> 00:45:27,600
Speaker 4: your wealth. It doubles your wealth as opposed to doing it,

990
00:45:27,800 --> 00:45:28,239
Speaker 4: it's just.

991
00:45:28,280 --> 00:45:30,360
Speaker 5: One yeah, no, we're not doing that, and then.

992
00:45:30,840 --> 00:45:31,560
Speaker 2: We're not doing it.

993
00:45:33,239 --> 00:45:35,759
Speaker 5: Should be you know, it should be a duplex or

994
00:45:35,760 --> 00:45:38,120
Speaker 5: triplex or a quiplex if you're lucky to find one

995
00:45:38,120 --> 00:45:39,880
Speaker 5: and you like it and you're okay living, you know,

996
00:45:39,960 --> 00:45:42,480
Speaker 5: the tight quarter, because it really is if you do

997
00:45:42,520 --> 00:45:45,080
Speaker 5: this right, business is a uh yeah, I said, the

998
00:45:45,200 --> 00:45:48,840
Speaker 5: right marriage is a business. And so what could happen

999
00:45:48,920 --> 00:45:50,880
Speaker 5: is let's say we get that quiet, we're in that

1000
00:45:50,960 --> 00:45:53,719
Speaker 5: first unit, on the top floor, and then that the

1001
00:45:53,840 --> 00:45:57,840
Speaker 5: second and third we got renners and then the earners.

1002
00:45:57,840 --> 00:45:59,880
Speaker 2: What's up? You ever walk into a small business and

1003
00:46:00,080 --> 00:46:03,560
Speaker 2: everything just works like the checkout is fast, the receipts

1004
00:46:03,600 --> 00:46:07,080
Speaker 2: or digital tipping is a breeze, and you're out the

1005
00:46:07,120 --> 00:46:11,240
Speaker 2: door before the line even builds odds are they're using Square?

1006
00:46:11,719 --> 00:46:14,319
Speaker 2: We love supporting businesses that run on Square because it

1007
00:46:14,400 --> 00:46:17,360
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1008
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1009
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1010
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1011
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1012
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1013
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1014
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1015
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1016
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1017
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1018
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1019
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1049
00:48:46,520 --> 00:48:49,080
Speaker 5: Bye, we got a commercial property right. We only got

1050
00:48:49,080 --> 00:48:52,040
Speaker 5: to do this what for three years on paper? You know,

1051
00:48:54,320 --> 00:48:57,399
Speaker 5: because the challenge is people get caught up because they

1052
00:48:57,440 --> 00:48:59,520
Speaker 5: have children, and then they a vote your children and

1053
00:48:59,560 --> 00:49:02,080
Speaker 5: other school districts. That's how people get caught up. And

1054
00:49:02,160 --> 00:49:03,799
Speaker 5: then you get all these grants. You're not like, oh,

1055
00:49:03,920 --> 00:49:06,719
Speaker 5: take these grants would make this home free and no

1056
00:49:06,840 --> 00:49:09,640
Speaker 5: money out of pocket. But those grands have lines and

1057
00:49:09,680 --> 00:49:12,120
Speaker 5: clauses that say if you move to a different school

1058
00:49:12,120 --> 00:49:14,520
Speaker 5: district or you move in three years, they can pad

1059
00:49:14,640 --> 00:49:16,680
Speaker 5: like and take your home. I know that's happened to

1060
00:49:16,680 --> 00:49:19,360
Speaker 5: a few people. So you do have to find or

1061
00:49:19,400 --> 00:49:20,920
Speaker 5: don't take the grants. You know, you do have to

1062
00:49:20,960 --> 00:49:23,799
Speaker 5: read with a fine print and then let's say so

1063
00:49:23,840 --> 00:49:25,440
Speaker 5: let's say we did that for three years. Right now,

1064
00:49:25,480 --> 00:49:27,120
Speaker 5: we're gonna take some of this equityut and list all

1065
00:49:27,120 --> 00:49:28,839
Speaker 5: the stuff you gotta seech, and now we're gonna get

1066
00:49:28,840 --> 00:49:30,680
Speaker 5: the next property, or we're gonna get the real home

1067
00:49:31,200 --> 00:49:33,000
Speaker 5: after we get that first one going.

1068
00:49:33,760 --> 00:49:35,359
Speaker 2: So can we talk about credit for a second, because

1069
00:49:35,360 --> 00:49:37,960
Speaker 2: you brought it up? So twenty five percent of borrows

1070
00:49:38,040 --> 00:49:42,680
Speaker 2: usually default on their loan, which encompasses a lot of

1071
00:49:42,840 --> 00:49:45,880
Speaker 2: damage to their credit reports. Is there any solution or

1072
00:49:45,920 --> 00:49:48,520
Speaker 2: maybe a hack that people can use to help or

1073
00:49:48,560 --> 00:49:50,839
Speaker 2: maybe hide a little bit of the suit alone when

1074
00:49:50,840 --> 00:49:51,759
Speaker 2: it comes to the bureaus.

1075
00:49:52,160 --> 00:49:54,000
Speaker 5: So you know, student loans can come off of your

1076
00:49:54,000 --> 00:49:56,439
Speaker 5: credit report. That's not a problem that can come off.

1077
00:49:56,880 --> 00:49:58,680
Speaker 5: They can't hide when you're trying to go buy a home.

1078
00:49:58,760 --> 00:50:00,359
Speaker 2: How's it come off? Oh?

1079
00:50:00,520 --> 00:50:05,640
Speaker 5: Okay, that's my massacre. You know, I like you'll heart.

1080
00:50:05,719 --> 00:50:11,680
Speaker 5: So what would happen is I'm saying fast, Okay, I

1081
00:50:11,800 --> 00:50:15,040
Speaker 5: got for cash right now? All right? So there are

1082
00:50:15,120 --> 00:50:19,799
Speaker 5: three reports. It's Aquafax Experience TransUnion, and I mean, nobody

1083
00:50:19,840 --> 00:50:21,520
Speaker 5: really wants to do it like this, but you would

1084
00:50:21,520 --> 00:50:23,799
Speaker 5: pull three reports and let's say we're looking at the

1085
00:50:23,800 --> 00:50:25,799
Speaker 5: student loans still student loan one is here and it's

1086
00:50:25,840 --> 00:50:28,760
Speaker 5: all listed the same, right, but is it really listed

1087
00:50:28,800 --> 00:50:30,799
Speaker 5: the same? See where I'm going with this. It's not

1088
00:50:30,960 --> 00:50:34,040
Speaker 5: most times. And so let's say when we look on experience,

1089
00:50:34,320 --> 00:50:36,439
Speaker 5: if it could be one number off, or it could

1090
00:50:36,440 --> 00:50:40,799
Speaker 5: be a payment history different than here. And now I'm concerned.

1091
00:50:40,960 --> 00:50:43,440
Speaker 5: All the bureaus high alert. I now want to send

1092
00:50:43,440 --> 00:50:46,759
Speaker 5: a copy of each page I'm highlighting and in my

1093
00:50:46,880 --> 00:50:49,919
Speaker 5: letter this is a discrepancy. I'm just so concerned. As

1094
00:50:49,960 --> 00:50:52,719
Speaker 5: a consumer, I'm not sure which is what this has

1095
00:50:52,719 --> 00:50:55,960
Speaker 5: stopping me from getting a home. Please remove this immediately.

1096
00:50:57,000 --> 00:51:01,200
Speaker 5: That one's for free. It comes off now. But don't

1097
00:51:01,280 --> 00:51:03,359
Speaker 5: try to pull that when you go to buy a home,

1098
00:51:03,640 --> 00:51:05,480
Speaker 5: because you're going to like a liar. I don't have

1099
00:51:05,520 --> 00:51:07,920
Speaker 5: any student loans. I know people that do this and

1100
00:51:07,920 --> 00:51:10,040
Speaker 5: then the lender comes back like, so what's this now?

1101
00:51:10,040 --> 00:51:11,840
Speaker 2: They don't trust you, right because you like.

1102
00:51:14,040 --> 00:51:20,480
Speaker 4: That happens undred thousand dollars John Hopkins, I never went

1103
00:51:20,520 --> 00:51:21,240
Speaker 4: to medical school.

1104
00:51:21,320 --> 00:51:23,600
Speaker 5: Yeah, we're going to tell the truth. You can say,

1105
00:51:23,640 --> 00:51:26,719
Speaker 5: listen on my consumer report. It doesn't show. But if

1106
00:51:26,760 --> 00:51:29,920
Speaker 5: you're going to get a federal loan with another federal loan,

1107
00:51:29,960 --> 00:51:31,480
Speaker 5: they got to be able to say the good standard

1108
00:51:31,520 --> 00:51:33,200
Speaker 5: or not. And you'd be surprised. A lot of people

1109
00:51:33,200 --> 00:51:35,239
Speaker 5: that get their loans off that are in default off

1110
00:51:35,239 --> 00:51:37,440
Speaker 5: of their credit are in default and they can't get

1111
00:51:37,440 --> 00:51:37,799
Speaker 5: a home.

1112
00:51:38,239 --> 00:51:40,319
Speaker 2: So is that true for both federal and private or

1113
00:51:40,360 --> 00:51:41,120
Speaker 2: just federal.

1114
00:51:40,880 --> 00:51:42,560
Speaker 5: For what getting off the report? Yeah?

1115
00:51:42,560 --> 00:51:43,400
Speaker 2: Any any?

1116
00:51:43,040 --> 00:51:45,879
Speaker 4: Ok okay, So as far as like a good will letter,

1117
00:51:46,840 --> 00:51:49,320
Speaker 4: from my understanding, that's like when you write, you write letters,

1118
00:51:49,360 --> 00:51:52,879
Speaker 4: I guess in today's time, you can actually call. Does

1119
00:51:52,920 --> 00:51:56,480
Speaker 4: that ever? Does that is that worth it? Or you know?

1120
00:51:58,239 --> 00:52:02,919
Speaker 5: Yes? So, but because we're in COVID and we're all

1121
00:52:02,960 --> 00:52:05,680
Speaker 5: the time, they still probably still be having it right you,

1122
00:52:05,800 --> 00:52:09,239
Speaker 5: it's better to call and do a letter if they request.

1123
00:52:09,400 --> 00:52:12,080
Speaker 5: So like a few months ago, my friend had a

1124
00:52:12,160 --> 00:52:15,160
Speaker 5: late payment on his I think it was his Nieman's card.

1125
00:52:15,680 --> 00:52:19,040
Speaker 5: He forgot right, but he had a late payment a

1126
00:52:19,120 --> 00:52:21,759
Speaker 5: year ago. But because of COVID and we want to

1127
00:52:21,840 --> 00:52:24,880
Speaker 5: talk to people and empathize with people that were talking

1128
00:52:24,920 --> 00:52:27,359
Speaker 5: to the lady was so nice and took his late

1129
00:52:27,400 --> 00:52:29,719
Speaker 5: payment off from a year ago. So the call went

1130
00:52:29,800 --> 00:52:33,879
Speaker 5: like this, like, Hi, Susan, Now I acted like him

1131
00:52:34,000 --> 00:52:35,520
Speaker 5: even though I sound like a girl. But you know

1132
00:52:35,560 --> 00:52:37,440
Speaker 5: they can't tell you really are a man on the phone.

1133
00:52:37,480 --> 00:52:39,440
Speaker 5: I mean, please do so I can sue you and

1134
00:52:39,480 --> 00:52:41,839
Speaker 5: you know whatever. So I'm like, hi, I am so,

1135
00:52:41,920 --> 00:52:44,719
Speaker 5: and so let's say, I'm I'm Mark. Are you sure

1136
00:52:44,719 --> 00:52:49,440
Speaker 5: you're Mark? I'm Marked? I'm Mark, ma'am I'm hard. Okay,

1137
00:52:49,480 --> 00:52:52,240
Speaker 5: all right, Mark? How can we help you? Well, Susan,

1138
00:52:52,280 --> 00:52:55,760
Speaker 5: I tell you, this pandemic has really gotten me down.

1139
00:52:56,160 --> 00:52:57,960
Speaker 5: How are you, Susan? At first I want to start there.

1140
00:52:57,960 --> 00:53:00,160
Speaker 5: How are you? How the kids? We don't know they

1141
00:53:01,400 --> 00:53:04,480
Speaker 5: So she's like, oh, I tell you, just being hitting everyone.

1142
00:53:04,920 --> 00:53:08,160
Speaker 5: My son's really impacted. So I sort that one okay

1143
00:53:08,320 --> 00:53:11,880
Speaker 5: now now, Susan, I'm calling because I'm a small business

1144
00:53:11,880 --> 00:53:14,080
Speaker 5: owner and you this is right before they passed the

1145
00:53:14,480 --> 00:53:17,719
Speaker 5: EDI yo, those small business loans and you know I

1146
00:53:17,760 --> 00:53:20,800
Speaker 5: am just waiting on those small business loans to come through.

1147
00:53:21,000 --> 00:53:23,239
Speaker 5: I had to close down, Susan. Can you believe it?

1148
00:53:23,600 --> 00:53:25,879
Speaker 5: And the goal here is to keep saying Susan's name,

1149
00:53:25,920 --> 00:53:28,640
Speaker 5: why because people like to hear their name right. Shot

1150
00:53:29,440 --> 00:53:34,560
Speaker 5: makes you feel good. So, so, Susan, are you experiencing

1151
00:53:34,600 --> 00:53:37,200
Speaker 5: it like that? Anything like that? Well, you're working, Susan,

1152
00:53:37,360 --> 00:53:41,719
Speaker 5: Oh god, it's good. I'm not writing the Lord into it. Yeah,

1153
00:53:41,719 --> 00:53:44,919
Speaker 5: why do you love the Lord? Yeah? So so she's like, well,

1154
00:53:45,000 --> 00:53:48,080
Speaker 5: you know, you know, it's just hard though, because we're

1155
00:53:48,080 --> 00:53:51,279
Speaker 5: hearing and a lot of people are sick. So I'm

1156
00:53:51,280 --> 00:53:53,440
Speaker 5: doing a lot of overtime. Oh my goodness, are the

1157
00:53:53,520 --> 00:53:56,080
Speaker 5: kids working? Well? Like now, this is how we got

1158
00:53:56,080 --> 00:53:58,319
Speaker 5: it removed. And I know y'all probably listening and looking

1159
00:53:58,320 --> 00:54:00,480
Speaker 5: like like what is this girl? But it's a lady

1160
00:54:00,520 --> 00:54:02,600
Speaker 5: the people. So she was like, well, you know, it's

1161
00:54:02,680 --> 00:54:05,000
Speaker 5: it's crazy you say that you're a small business owner

1162
00:54:05,440 --> 00:54:15,960
Speaker 5: because my son's a business owner. What what?

1163
00:54:15,960 --> 00:54:16,040
Speaker 2: What?

1164
00:54:16,600 --> 00:54:20,680
Speaker 5: How's he doing? He's not doing good? You know, I

1165
00:54:20,680 --> 00:54:22,319
Speaker 5: had to send him some money recent This is all

1166
00:54:22,360 --> 00:54:25,680
Speaker 5: true story, This is obit. I said, what, Oh my god,

1167
00:54:25,920 --> 00:54:27,840
Speaker 5: you weren't able to do that because you're doing overtime.

1168
00:54:28,160 --> 00:54:29,880
Speaker 5: She said exactly, But I'm not gonna be able to

1169
00:54:29,920 --> 00:54:31,919
Speaker 5: keep doing it. They got to pass this, so, Susan,

1170
00:54:31,960 --> 00:54:34,520
Speaker 5: that's why I was late. You see what I'm saying, Susan,

1171
00:54:34,560 --> 00:54:36,919
Speaker 5: because I don't have the money coming in right now.

1172
00:54:37,160 --> 00:54:39,240
Speaker 5: And you see that I have a long standing customer

1173
00:54:39,280 --> 00:54:40,640
Speaker 5: with me me. Now he will. You're gonna get your

1174
00:54:40,680 --> 00:54:43,279
Speaker 5: fats right and then and you know, this is how

1175
00:54:43,280 --> 00:54:45,359
Speaker 5: we got the other word moved. And Susan, I tell

1176
00:54:45,400 --> 00:54:47,919
Speaker 5: you because I had a little hardship. Do you see

1177
00:54:47,920 --> 00:54:49,840
Speaker 5: I had a hardship but a year ago on my

1178
00:54:50,000 --> 00:54:54,279
Speaker 5: on my account with you guys, hold on, I do

1179
00:54:54,400 --> 00:54:56,279
Speaker 5: see it. I do see it. You were late a

1180
00:54:56,360 --> 00:54:58,520
Speaker 5: year ago. And Susan, you know, I don't like to

1181
00:54:58,560 --> 00:55:00,839
Speaker 5: be late, but I had a hardship and I don't

1182
00:55:00,840 --> 00:55:02,440
Speaker 5: want to repeat that. And you guys think I'm a

1183
00:55:02,480 --> 00:55:05,239
Speaker 5: bad customer. So Susan, what do I Who do I

1184
00:55:05,280 --> 00:55:07,640
Speaker 5: need to talk to? What do I need to do

1185
00:55:07,719 --> 00:55:09,960
Speaker 5: to get these lates removed? Because Susan, I might have

1186
00:55:10,000 --> 00:55:12,799
Speaker 5: to move. They're going to check my credit and it's

1187
00:55:12,840 --> 00:55:15,040
Speaker 5: and and then I might not and I could be homeless,

1188
00:55:15,239 --> 00:55:18,919
Speaker 5: so they gotta get real exciting. I don't want you homeless. Okay,

1189
00:55:19,000 --> 00:55:20,680
Speaker 5: let me put you on hold. Now that's the sign.

1190
00:55:21,320 --> 00:55:24,480
Speaker 5: Now everybody listen closely. You're never on hold. Repeat that's me.

1191
00:55:24,680 --> 00:55:25,480
Speaker 5: Never on hold?

1192
00:55:26,000 --> 00:55:29,560
Speaker 2: Really? Oh okay, never never on hold. You didn't do it?

1193
00:55:30,560 --> 00:55:34,759
Speaker 4: Hold, So don't say nothing crazy, well.

1194
00:55:35,520 --> 00:55:36,319
Speaker 2: No forgetting that.

1195
00:55:36,360 --> 00:55:39,960
Speaker 5: What I do is I say, guys, going to work

1196
00:55:40,160 --> 00:55:41,200
Speaker 5: it out for me?

1197
00:55:41,640 --> 00:55:43,680
Speaker 2: Like that's the whole that you're doing that on WLD.

1198
00:55:43,880 --> 00:55:45,640
Speaker 5: Yeah, I sang spiritual songs and so.

1199
00:55:45,640 --> 00:55:47,480
Speaker 2: Like when they come back to hear that, you.

1200
00:55:48,560 --> 00:55:56,799
Speaker 5: Might say a night and shue. Now they don't want

1201
00:55:56,800 --> 00:56:00,719
Speaker 5: to keep hearing that, right yo, So it's not sure

1202
00:56:00,760 --> 00:56:02,800
Speaker 5: what I can tell this so light after a while.

1203
00:56:03,200 --> 00:56:05,520
Speaker 5: So anyway they come, you can't come back up sat

1204
00:56:05,680 --> 00:56:06,280
Speaker 5: on the phone.

1205
00:56:06,400 --> 00:56:08,400
Speaker 2: Oh you got a great voice. So you got a

1206
00:56:08,440 --> 00:56:08,960
Speaker 2: great voice?

1207
00:56:09,360 --> 00:56:12,920
Speaker 4: Mark you got Susan?

1208
00:56:13,360 --> 00:56:16,560
Speaker 5: Are you there? Oh? I'm here? So Susan, what did

1209
00:56:16,560 --> 00:56:18,840
Speaker 5: you find out? Do I need to talk to a manager?

1210
00:56:19,680 --> 00:56:21,120
Speaker 5: And this is how you know you're about to get

1211
00:56:21,120 --> 00:56:22,960
Speaker 5: it all right? Well, what I'm gonna do is now

1212
00:56:22,960 --> 00:56:25,000
Speaker 5: the voice gets low. That's how you and then you

1213
00:56:25,080 --> 00:56:29,160
Speaker 5: got to mimic them. So what's going on, Susan. So

1214
00:56:29,440 --> 00:56:31,759
Speaker 5: I'm going to take this late payment off because this

1215
00:56:31,880 --> 00:56:35,640
Speaker 5: is a pandemic. Yes, this a pandemic, Susan. And what

1216
00:56:35,719 --> 00:56:37,759
Speaker 5: I'm going to do is even take that payment a

1217
00:56:37,840 --> 00:56:40,719
Speaker 5: year ago off because if you have to move, we

1218
00:56:40,800 --> 00:56:44,799
Speaker 5: don't want anything stopping you exactly, Susan. Oh my god,

1219
00:56:45,040 --> 00:56:46,640
Speaker 5: I wish I could just hug you, but then you

1220
00:56:46,719 --> 00:56:48,400
Speaker 5: got to do six feet you know what I'm saying, Susan.

1221
00:56:49,440 --> 00:56:52,200
Speaker 5: So so now what do you need me to do? Nothing?

1222
00:56:52,760 --> 00:56:54,440
Speaker 5: When when you're going to get an update from the

1223
00:56:54,440 --> 00:56:57,400
Speaker 5: bureaurooms that says this is going you know, sometimes it's immediate,

1224
00:56:57,719 --> 00:57:00,439
Speaker 5: sometimes it's thirty days. But you're going to see and

1225
00:57:00,480 --> 00:57:03,040
Speaker 5: if you have my fright go and pulls continuously off

1226
00:57:03,080 --> 00:57:03,920
Speaker 5: the next day.

1227
00:57:04,520 --> 00:57:08,080
Speaker 4: So wow, Philly, Philly never Never.

1228
00:57:08,480 --> 00:57:12,440
Speaker 2: I'll tell you you shout shout out at the bullet.

1229
00:57:13,000 --> 00:57:15,800
Speaker 2: Maybe you said Temple, shout out to the bullet Philly.

1230
00:57:15,920 --> 00:57:29,880
Speaker 4: Philly has always got some they need to allow you

1231
00:57:29,960 --> 00:57:33,479
Speaker 4: shore you never took any acting classes, you know, Perry Tyler,

1232
00:57:33,480 --> 00:57:34,840
Speaker 4: Perry might be calling for a role.

1233
00:57:35,280 --> 00:57:37,920
Speaker 5: No, no, I did take some stand up comedy classes

1234
00:57:37,960 --> 00:57:41,440
Speaker 5: for fun. I think I'll get back to that pros pandemic.

1235
00:57:41,720 --> 00:57:44,280
Speaker 5: But no, no, But that's like the thing is all

1236
00:57:44,360 --> 00:57:47,840
Speaker 5: jokes aside. People love people, and this is the best

1237
00:57:47,920 --> 00:57:50,439
Speaker 5: time to be nice to anybody you're calling to ask

1238
00:57:50,520 --> 00:57:53,240
Speaker 5: to do something. They'll tell you what to do because

1239
00:57:53,280 --> 00:57:56,120
Speaker 5: they are people that's probably struggling or two steps from

1240
00:57:56,160 --> 00:57:57,680
Speaker 5: it themselves because of the pandemic.

1241
00:57:57,720 --> 00:57:58,920
Speaker 4: You know what, you said, I was a gym to

1242
00:57:59,000 --> 00:58:01,400
Speaker 4: as far as I learned that. And like sales, people

1243
00:58:01,520 --> 00:58:04,640
Speaker 4: like to hear their names. So when you say somebody's

1244
00:58:04,720 --> 00:58:08,959
Speaker 4: name over and over again and it makes them feel important, Yes,

1245
00:58:09,120 --> 00:58:11,360
Speaker 4: it makes them feel important like, oh, he knows my

1246
00:58:11,440 --> 00:58:12,960
Speaker 4: name and not only does he know my name, like

1247
00:58:13,520 --> 00:58:15,840
Speaker 4: he's saying it to me, like you know what I'm saying.

1248
00:58:16,000 --> 00:58:17,640
Speaker 5: And you heard what I said. I said, I don't

1249
00:58:17,680 --> 00:58:20,480
Speaker 5: have to go to a manager, do I, Susan No,

1250
00:58:20,560 --> 00:58:22,200
Speaker 5: because that's like a thing when people don't want you

1251
00:58:22,280 --> 00:58:24,520
Speaker 5: to go to their manager, I can take care of

1252
00:58:24,560 --> 00:58:26,480
Speaker 5: it makes them, you know, come to your rescue as

1253
00:58:26,480 --> 00:58:30,520
Speaker 5: a hero. And we really knew where she was located.

1254
00:58:30,600 --> 00:58:32,760
Speaker 5: We would like send flowers or something because that was

1255
00:58:32,840 --> 00:58:35,680
Speaker 5: really really nice trying to score jump like way.

1256
00:58:35,560 --> 00:58:40,880
Speaker 4: Up, that's amazing. Yeah, that's a hat. That's the hat.

1257
00:58:41,320 --> 00:58:45,919
Speaker 4: That's that's the hat. So before we before we wrap

1258
00:58:45,920 --> 00:58:47,520
Speaker 4: it up, I want to talk about the branding and

1259
00:58:47,560 --> 00:58:50,480
Speaker 4: the business side of things, but just the general question

1260
00:58:51,120 --> 00:58:54,560
Speaker 4: people that might be struggling, which is paying back their

1261
00:58:54,560 --> 00:58:57,880
Speaker 4: student loan right, like like we talked about like debt

1262
00:58:58,000 --> 00:59:00,560
Speaker 4: message to pay back credit cards, like the snow ball method,

1263
00:59:00,680 --> 00:59:02,880
Speaker 4: is a couple other methods. Yeah, if you're struggling to

1264
00:59:02,920 --> 00:59:07,000
Speaker 4: pay back your student loans, what are some suggestions that

1265
00:59:07,120 --> 00:59:10,200
Speaker 4: you just just general suggestions that people may be able

1266
00:59:10,200 --> 00:59:11,920
Speaker 4: to benefit from if they're struggling to pay back to

1267
00:59:11,960 --> 00:59:12,479
Speaker 4: still low.

1268
00:59:12,440 --> 00:59:15,960
Speaker 5: Well, the income driven plans are the best option because

1269
00:59:15,960 --> 00:59:18,640
Speaker 5: that's why they exist. Especially with the pandemic, a lot

1270
00:59:18,640 --> 00:59:20,120
Speaker 5: of people are going to be leaving out of it

1271
00:59:20,200 --> 00:59:22,680
Speaker 5: on January thirty. First, they need to go in and

1272
00:59:22,760 --> 00:59:26,840
Speaker 5: update you what's called an immediate reclculation of their payment,

1273
00:59:26,960 --> 00:59:29,560
Speaker 5: and they need to be like, listen, if you have

1274
00:59:29,640 --> 00:59:31,360
Speaker 5: no money coming in or little money coming in, and

1275
00:59:31,440 --> 00:59:32,840
Speaker 5: you need to put that on the form. They're not

1276
00:59:32,880 --> 00:59:34,800
Speaker 5: going to ask for your taxes or your pay stuff.

1277
00:59:34,960 --> 00:59:36,960
Speaker 5: They're going to take it at face value so that

1278
00:59:37,040 --> 00:59:39,280
Speaker 5: they can get a zero dollar payment if they need to.

1279
00:59:39,800 --> 00:59:42,640
Speaker 5: So anybody listening to this and will time naturalist areas.

1280
00:59:42,640 --> 00:59:44,920
Speaker 5: But even when they do listen to it, if anything

1281
00:59:45,000 --> 00:59:49,480
Speaker 5: ever changes with your finances, you can definitely immediately go

1282
00:59:49,520 --> 00:59:52,320
Speaker 5: in and do what's called immediate reek ount and then

1283
00:59:52,320 --> 00:59:55,000
Speaker 5: they'll put you into administrative for barans while they review it,

1284
00:59:55,040 --> 00:59:57,280
Speaker 5: and then the payment would be as you know and.

1285
00:59:57,240 --> 00:59:59,680
Speaker 2: That's true for federals, so but for private the best

1286
00:59:59,680 --> 01:00:01,480
Speaker 2: thing is just try to improve your credit scord to.

1287
01:00:01,440 --> 01:00:06,280
Speaker 5: Lower private loans. They were told by DeVos to not

1288
01:00:06,360 --> 01:00:10,720
Speaker 5: be aggressive and collect after people. You can't control private entities, however,

1289
01:00:11,280 --> 01:00:13,400
Speaker 5: so the best thing to do is to keep having

1290
01:00:13,440 --> 01:00:16,520
Speaker 5: a conversation. You know, I'm super dramatic. I would even

1291
01:00:16,560 --> 01:00:18,880
Speaker 5: tell you the facts and or melon a copy of

1292
01:00:18,920 --> 01:00:21,600
Speaker 5: your budget to show that if there is no money available,

1293
01:00:23,040 --> 01:00:25,680
Speaker 5: they're not going to be really pursuing lawsuits, probably right

1294
01:00:25,680 --> 01:00:28,440
Speaker 5: now at this time either. So if most it could

1295
01:00:28,520 --> 01:00:30,160
Speaker 5: hit your credit, but again, you can get it off

1296
01:00:30,200 --> 01:00:33,360
Speaker 5: your credit if you need to. I do feel bad

1297
01:00:33,360 --> 01:00:35,280
Speaker 5: when I hear and talk to people that have a

1298
01:00:35,320 --> 01:00:37,800
Speaker 5: lot of private loan debt. There is a positive note

1299
01:00:37,800 --> 01:00:39,760
Speaker 5: that we found this out recently with the young lady

1300
01:00:40,000 --> 01:00:42,280
Speaker 5: that moved from New York to Florida. She had private

1301
01:00:42,320 --> 01:00:45,840
Speaker 5: loan debt of fifty thousand that had defaulted. Because it defaulted,

1302
01:00:45,920 --> 01:00:48,720
Speaker 5: they don't count that towards her deb's income ratio when

1303
01:00:48,720 --> 01:00:50,840
Speaker 5: she was going to go by her home. So that

1304
01:00:50,960 --> 01:00:53,600
Speaker 5: was good news because she thought that fifty thousand wouldcounts

1305
01:00:53,600 --> 01:00:55,000
Speaker 5: towards her overall debt.

1306
01:00:56,160 --> 01:00:57,960
Speaker 2: Would affect the credit score, but she got a.

1307
01:00:57,960 --> 01:01:00,000
Speaker 5: Credit up even still, and she got to offer credit.

1308
01:01:00,600 --> 01:01:01,959
Speaker 4: And then you were saying, like you should have different

1309
01:01:01,960 --> 01:01:03,360
Speaker 4: streams of income for different things.

1310
01:01:03,800 --> 01:01:06,360
Speaker 5: Oh, yes, yes, So I have about thirteen streams and

1311
01:01:06,520 --> 01:01:08,680
Speaker 5: some of them work very actively, some of them are

1312
01:01:08,760 --> 01:01:11,560
Speaker 5: very passive. And when my house gets the next month,

1313
01:01:11,600 --> 01:01:14,520
Speaker 5: I'll have fourteen prins cars. Now I didn't always think

1314
01:01:14,640 --> 01:01:16,680
Speaker 5: like that, but again, I have some really good friends,

1315
01:01:16,680 --> 01:01:19,400
Speaker 5: like you know Neam Davis, he's one of my good friends.

1316
01:01:19,560 --> 01:01:21,280
Speaker 5: Somebody guys gonna get got to give on this podcast.

1317
01:01:21,280 --> 01:01:23,760
Speaker 5: Her name is will Realmtree, you know who.

1318
01:01:24,640 --> 01:01:25,480
Speaker 4: We met him in Atlanta.

1319
01:01:25,880 --> 01:01:30,040
Speaker 5: Super solid okay, yep, we were doing a massimizm this

1320
01:01:30,080 --> 01:01:34,800
Speaker 5: weekend in Houston. Yes, super solid individual. So you can't

1321
01:01:34,840 --> 01:01:37,000
Speaker 5: be around people like that and not think about who's

1322
01:01:37,040 --> 01:01:40,479
Speaker 5: gonna pay for this? Like somebody somebody's got your money.

1323
01:01:40,480 --> 01:01:42,640
Speaker 5: That's what Grand car Done says, who's got my money?

1324
01:01:42,960 --> 01:01:43,160
Speaker 4: Right?

1325
01:01:43,240 --> 01:01:46,400
Speaker 5: So who has your rent? Who has your car? Who

1326
01:01:46,440 --> 01:01:48,800
Speaker 5: has your and whatever it is that you like. People

1327
01:01:48,840 --> 01:01:51,200
Speaker 5: don't even know where their money goes. So for me,

1328
01:01:51,360 --> 01:01:53,040
Speaker 5: what I think about is like I literally have a

1329
01:01:53,120 --> 01:01:55,600
Speaker 5: list at home, like it's gonna say. You know, it

1330
01:01:55,680 --> 01:01:57,760
Speaker 5: might say the rent. It might say to this so

1331
01:01:58,040 --> 01:01:59,720
Speaker 5: and the next to it. This might sound weird is

1332
01:01:59,840 --> 01:02:02,960
Speaker 5: some people and parentheses. I know what stream that's coming from.

1333
01:02:03,440 --> 01:02:05,760
Speaker 5: So somebody got my money, and I need to know

1334
01:02:06,160 --> 01:02:08,480
Speaker 5: how much each stream has to do each month for

1335
01:02:08,560 --> 01:02:09,479
Speaker 5: me to be on par.

1336
01:02:09,520 --> 01:02:14,960
Speaker 2: With goals for every liability pun intended.

1337
01:02:16,880 --> 01:02:19,240
Speaker 5: But the thing is, are you Are you some teacher?

1338
01:02:20,200 --> 01:02:27,040
Speaker 2: Yeah, I'm a teacher. I'm an educator. I like that. Yeah, Yeah,

1339
01:02:27,120 --> 01:02:28,120
Speaker 2: I don't work for the school district.

1340
01:02:28,240 --> 01:02:34,160
Speaker 5: Okay, all right, got it? Okay, because no teachers. My

1341
01:02:34,680 --> 01:02:35,760
Speaker 5: whole family are teachers.

1342
01:02:35,880 --> 01:02:37,840
Speaker 2: Okay, shout out to every teaching teaching less.

1343
01:02:37,840 --> 01:02:39,160
Speaker 5: Didn't know how I would be teaching.

1344
01:02:39,360 --> 01:02:41,440
Speaker 2: Yeah, and that's that's key. So that's why we use

1345
01:02:41,480 --> 01:02:43,400
Speaker 2: the word educated and said because when I think teaching,

1346
01:02:43,400 --> 01:02:45,760
Speaker 2: most people think, oh, you work in the school. I'm like, no,

1347
01:02:45,840 --> 01:02:47,800
Speaker 2: we're still educating, just in a different medium.

1348
01:02:48,280 --> 01:02:50,840
Speaker 5: And that's good for business loans to keep going there.

1349
01:02:51,080 --> 01:02:57,280
Speaker 4: So how did so branding you? You're being on Instagram,

1350
01:02:57,320 --> 01:03:00,480
Speaker 4: You've you've created a brand for yourself. So from a

1351
01:03:00,520 --> 01:03:04,480
Speaker 4: marketing business standpoint, how were you able to take from

1352
01:03:04,560 --> 01:03:08,240
Speaker 4: doing in coffee shops, one on one consultations to making

1353
01:03:08,440 --> 01:03:11,560
Speaker 4: you know, a brand that is all over on global.

1354
01:03:11,880 --> 01:03:14,680
Speaker 4: How were you able to make those steps because a

1355
01:03:14,720 --> 01:03:16,600
Speaker 4: lot of people might have, you know, talent and doing

1356
01:03:16,640 --> 01:03:19,200
Speaker 4: one thing, but they struggled from getting out of that

1357
01:03:19,320 --> 01:03:22,160
Speaker 4: coffee shop to church to you know, reaching the level

1358
01:03:22,160 --> 01:03:23,600
Speaker 4: that you're at. So how are we to do that?

1359
01:03:23,680 --> 01:03:26,280
Speaker 5: So all your side always been a hustler. Like when

1360
01:03:26,320 --> 01:03:28,880
Speaker 5: I was little, I was always very wildly interested in

1361
01:03:28,960 --> 01:03:31,000
Speaker 5: money and what money could do. Now money for me,

1362
01:03:31,080 --> 01:03:33,480
Speaker 5: but I was used to buy can you saygress and jawbreakers,

1363
01:03:33,840 --> 01:03:35,760
Speaker 5: so I always wanted money to buy the little stuff.

1364
01:03:35,760 --> 01:03:37,520
Speaker 5: I didn't want to ask my mom for right. And

1365
01:03:37,600 --> 01:03:39,760
Speaker 5: my mom is a single mom, and she you know,

1366
01:03:39,800 --> 01:03:43,160
Speaker 5: had a really nice middle class situation with a gated community.

1367
01:03:43,200 --> 01:03:45,120
Speaker 5: Like she tried right, but I knew that she was.

1368
01:03:45,160 --> 01:03:47,400
Speaker 5: It was tight. So I was in private school but

1369
01:03:47,440 --> 01:03:48,880
Speaker 5: it was tight, and I had to come out of

1370
01:03:48,880 --> 01:03:51,080
Speaker 5: private school at one point. I'm like kids are like this,

1371
01:03:51,520 --> 01:03:53,960
Speaker 5: And I remember thinking like, mom can't afford to have

1372
01:03:54,040 --> 01:03:56,080
Speaker 5: me in private school and more we're in trouble like

1373
01:03:56,160 --> 01:03:58,320
Speaker 5: so those things I knew. I was very like aware

1374
01:03:58,320 --> 01:04:00,560
Speaker 5: we early on, so I never I wanted to ask

1375
01:04:00,640 --> 01:04:02,840
Speaker 5: my mom for money when I was little, so I

1376
01:04:02,960 --> 01:04:05,640
Speaker 5: used to do stuff like get a plastic chair with

1377
01:04:05,680 --> 01:04:07,280
Speaker 5: a rope and I would get some leaves because I

1378
01:04:07,280 --> 01:04:08,960
Speaker 5: didn't want for live billy. I used to think like

1379
01:04:08,960 --> 01:04:11,800
Speaker 5: their purposes, and I used to tell people for one dollar,

1380
01:04:12,080 --> 01:04:14,680
Speaker 5: but thirty seconds, I'll make a fake ride. And so

1381
01:04:15,000 --> 01:04:16,560
Speaker 5: I know that's not weird. But I had my own

1382
01:04:16,560 --> 01:04:20,160
Speaker 5: Gover coaster, so that was like my hustle. I don't know.

1383
01:04:20,200 --> 01:04:22,320
Speaker 5: I had a lot of hustles growing up, but I

1384
01:04:22,400 --> 01:04:24,480
Speaker 5: had that hustle in me. I think because I saw

1385
01:04:24,560 --> 01:04:27,200
Speaker 5: how she really had to hustle to make things happens

1386
01:04:27,200 --> 01:04:29,880
Speaker 5: for us. My mom got sick when I was sixteen, right,

1387
01:04:30,280 --> 01:04:31,680
Speaker 5: and so when she got sick when I was sixteen,

1388
01:04:31,720 --> 01:04:33,760
Speaker 5: it's just me and her. I didn't know how much

1389
01:04:33,800 --> 01:04:35,560
Speaker 5: I knew about her business. I knew about how to

1390
01:04:35,720 --> 01:04:38,400
Speaker 5: use the ATM, how to write checks, and I still

1391
01:04:39,200 --> 01:04:41,280
Speaker 5: I did bills at sixteen. I made sure all the

1392
01:04:41,280 --> 01:04:43,640
Speaker 5: bills was paid. She was in a coma. She came

1393
01:04:43,680 --> 01:04:46,400
Speaker 5: out the coma. She was like she lost her hero

1394
01:04:46,480 --> 01:04:48,720
Speaker 5: when she was in a coma. And I'm re writing

1395
01:04:48,720 --> 01:04:51,120
Speaker 5: now down She's like, well, bring me my receipt. So

1396
01:04:51,160 --> 01:04:53,480
Speaker 5: I showed them my receipt at her receipt and it

1397
01:04:53,520 --> 01:04:55,480
Speaker 5: had like ten thousand in her account and she't never

1398
01:04:55,480 --> 01:04:57,120
Speaker 5: had no ten thousand account. But again when I spend

1399
01:04:57,160 --> 01:05:00,000
Speaker 5: it frivously, right, and she like, no, that's incorrect. I'm like,

1400
01:05:00,000 --> 01:05:02,000
Speaker 5: I know, what's why I said no cigarettes, she's supposed

1401
01:05:02,000 --> 01:05:04,520
Speaker 5: to rette. I'm like, till you got money here? She's like,

1402
01:05:04,800 --> 01:05:06,920
Speaker 5: I said, but I do need a new code, you know,

1403
01:05:09,400 --> 01:05:11,479
Speaker 5: let me at back bay. But how do we get here?

1404
01:05:12,000 --> 01:05:14,880
Speaker 5: So she like, get a.

1405
01:05:14,840 --> 01:05:17,760
Speaker 2: Coke pH l L one.

1406
01:05:19,120 --> 01:05:21,000
Speaker 5: I did need going now, I didn't need to get

1407
01:05:21,040 --> 01:05:23,520
Speaker 5: a FIR and she told me. I came out hurt bank.

1408
01:05:23,640 --> 01:05:25,560
Speaker 5: I didn't go get a credit. I got a trouble.

1409
01:05:26,560 --> 01:05:30,280
Speaker 5: So long story short, I know, how do we get here?

1410
01:05:31,040 --> 01:05:34,160
Speaker 5: I put a meme out about three years ago that

1411
01:05:34,280 --> 01:05:37,520
Speaker 5: said twenty eighteen, that's happened twenty eighteen? I said, first

1412
01:05:37,600 --> 01:05:39,920
Speaker 5: African American because there are other people in my field

1413
01:05:39,960 --> 01:05:42,360
Speaker 5: that look like me, but they are not companies entities.

1414
01:05:42,560 --> 01:05:44,880
Speaker 5: They're like the specialists, if you will. And I knew

1415
01:05:44,920 --> 01:05:47,120
Speaker 5: from the beginning I wanted to build a company because

1416
01:05:47,120 --> 01:05:49,520
Speaker 5: one I don't really like a lot of engagement with

1417
01:05:49,560 --> 01:05:51,840
Speaker 5: people every day all day. I get burned out really easily.

1418
01:05:52,040 --> 01:05:53,920
Speaker 5: So I'm like, well, how do I just hire people?

1419
01:05:53,960 --> 01:05:56,080
Speaker 5: And then you know, so that's what I created, was

1420
01:05:56,120 --> 01:05:58,480
Speaker 5: the student Loan Doctor as a brand, and I put

1421
01:05:58,520 --> 01:06:01,280
Speaker 5: it out there. Mada, I gotta shout Neo.

1422
01:06:01,080 --> 01:06:03,440
Speaker 4: Out like I probably sho shout out to me.

1423
01:06:05,320 --> 01:06:06,320
Speaker 5: And Neo his mom.

1424
01:06:06,360 --> 01:06:06,400
Speaker 2: No.

1425
01:06:06,520 --> 01:06:09,120
Speaker 5: I ride for him like no other because he get

1426
01:06:09,120 --> 01:06:12,960
Speaker 5: a last slack for whatever, but super solid individual and

1427
01:06:13,120 --> 01:06:15,200
Speaker 5: always from a place up. Just do this right now.

1428
01:06:15,280 --> 01:06:16,919
Speaker 5: He gonna tell you what to do, but you're gonna

1429
01:06:16,920 --> 01:06:18,840
Speaker 5: hold your hand so you do gotta be smart enough

1430
01:06:18,840 --> 01:06:21,200
Speaker 5: to just go do it right. So, long story short,

1431
01:06:21,280 --> 01:06:23,000
Speaker 5: he was like, put this meme out. This is when

1432
01:06:23,000 --> 01:06:25,280
Speaker 5: he was trying in his marketing, like early on, and

1433
01:06:25,320 --> 01:06:27,880
Speaker 5: it was just a white mean, I was like three

1434
01:06:28,040 --> 01:06:30,520
Speaker 5: hundred and twenty pounds at the time, but I didn't care.

1435
01:06:30,600 --> 01:06:32,800
Speaker 5: I'm like, you know, and I'm like, I put the

1436
01:06:32,800 --> 01:06:34,480
Speaker 5: same out and I'll put it out and I just

1437
01:06:34,480 --> 01:06:36,800
Speaker 5: wanted to get a little hit little marketing. Well, next

1438
01:06:36,800 --> 01:06:41,080
Speaker 5: thing you know, it started hitting the little blocks and media.

1439
01:06:41,240 --> 01:06:43,880
Speaker 5: I'm like, oh, look at this traction firend. God, it

1440
01:06:43,920 --> 01:06:46,200
Speaker 5: was coming right up on Black History Month. I remember

1441
01:06:46,200 --> 01:06:48,160
Speaker 5: I went to sleep. So I woke up the next

1442
01:06:48,160 --> 01:06:50,520
Speaker 5: morning and my phone is going off morning usual on Instagram.

1443
01:06:50,520 --> 01:06:53,200
Speaker 5: I'm like, black, I gotta go to the office. Right then,

1444
01:06:53,200 --> 01:06:57,040
Speaker 5: I'm driving in my phone ring, I'm like hello, it's

1445
01:06:57,080 --> 01:06:59,200
Speaker 5: like a number I didn't know. She's like, Hi, is

1446
01:06:59,240 --> 01:07:03,600
Speaker 5: this Sonya? I'm like, uh, who's this? And she's like

1447
01:07:04,000 --> 01:07:07,439
Speaker 5: Bisha Maisha from the shad Room. I'm like, no, sure,

1448
01:07:08,360 --> 01:07:12,480
Speaker 5: love that. I pulled over and I was like, how

1449
01:07:12,480 --> 01:07:14,400
Speaker 5: can I help you? Tell me your story and let's

1450
01:07:14,480 --> 01:07:15,120
Speaker 5: let's make it quick.

1451
01:07:15,120 --> 01:07:16,400
Speaker 4: Tell me your story, take it quick.

1452
01:07:16,480 --> 01:07:19,400
Speaker 5: And she was sweet, but she was very curt and

1453
01:07:19,400 --> 01:07:21,800
Speaker 5: and we still connect with each other now. So she listened.

1454
01:07:21,840 --> 01:07:23,760
Speaker 5: She'll laugh and she was like. I was like, well,

1455
01:07:24,280 --> 01:07:26,360
Speaker 5: so boom boom posted gotta have your pitch ready, never

1456
01:07:26,480 --> 01:07:29,520
Speaker 5: know and she said, oh I love it hosting it.

1457
01:07:30,120 --> 01:07:34,920
Speaker 5: I said okay, and then a phone hung up. So

1458
01:07:34,960 --> 01:07:38,600
Speaker 5: then I called my girlfriend. She's super rad chet Brady,

1459
01:07:38,680 --> 01:07:41,320
Speaker 5: I lover. She said. She said, were about to be

1460
01:07:41,440 --> 01:07:44,320
Speaker 5: favorite and I'm like wait what, I'm like, what are

1461
01:07:44,360 --> 01:07:46,280
Speaker 5: you talking about. She's like, do you follow the shave room?

1462
01:07:46,280 --> 01:07:48,560
Speaker 5: I said, not really? She said go to it right now.

1463
01:07:48,600 --> 01:07:50,880
Speaker 5: So at the time, I think they had like fourteen

1464
01:07:50,920 --> 01:07:53,320
Speaker 5: million followers or something, right, and I was like, I'm

1465
01:07:53,320 --> 01:07:55,560
Speaker 5: gonna be here. She's like yeah. She was like, well,

1466
01:07:55,560 --> 01:07:57,640
Speaker 5: where's she gonna post it. I was like, I don't know,

1467
01:07:58,040 --> 01:08:00,040
Speaker 5: maybe in a few days. She's like, all right, so

1468
01:08:00,680 --> 01:08:02,280
Speaker 5: let me let me come over. I'm gonna come meet

1469
01:08:02,280 --> 01:08:04,600
Speaker 5: you at the office. So she came to the office

1470
01:08:05,080 --> 01:08:07,200
Speaker 5: and I will never forget. We were packing up. It

1471
01:08:07,280 --> 01:08:11,200
Speaker 5: was like nine thirty because I worked until ten. And

1472
01:08:11,480 --> 01:08:13,120
Speaker 5: next thing you know, I had an iPhone but it

1473
01:08:13,160 --> 01:08:16,040
Speaker 5: was all one and it started shaking. No, it like

1474
01:08:16,160 --> 01:08:22,160
Speaker 5: in shape, but I think it started ele table and

1475
01:08:22,200 --> 01:08:24,280
Speaker 5: I'm like, I'm like, is it about to explode? Because

1476
01:08:24,280 --> 01:08:28,040
Speaker 5: it was like and then the fall started ringing, and

1477
01:08:28,080 --> 01:08:31,280
Speaker 5: then emails started flooding it and it was like a movie, y'all.

1478
01:08:31,680 --> 01:08:35,559
Speaker 5: And then I had got what's the words like? When

1479
01:08:35,600 --> 01:08:40,559
Speaker 5: you get yes, I'm like, She's like, are you having

1480
01:08:40,560 --> 01:08:44,880
Speaker 5: a stroke? Blink twice I'm like okay, I said, I

1481
01:08:44,920 --> 01:08:48,360
Speaker 5: think my life is changing. So literally, she like she

1482
01:08:48,479 --> 01:08:50,200
Speaker 5: called up all of our other girlfriends, like, y'all got

1483
01:08:50,280 --> 01:08:52,439
Speaker 5: to get to the office right now. It's going down

1484
01:08:52,680 --> 01:08:56,360
Speaker 5: the shad room just posted it. So everybody rushed to

1485
01:08:56,360 --> 01:08:58,680
Speaker 5: the office. I think I ordered some pizza and we

1486
01:08:58,680 --> 01:09:02,080
Speaker 5: were in there like one two, and I remember and

1487
01:09:02,160 --> 01:09:04,000
Speaker 5: one night I had a thousand DMS, I had a

1488
01:09:04,040 --> 01:09:05,880
Speaker 5: thousand emails and I'm not making a number of like

1489
01:09:05,920 --> 01:09:09,320
Speaker 5: a thousand, I remember it. And then we were just

1490
01:09:09,320 --> 01:09:12,000
Speaker 5: getting posted. And then the next morning, which was super crazy,

1491
01:09:12,600 --> 01:09:15,400
Speaker 5: every radio station and Philly was talking about us, and

1492
01:09:15,520 --> 01:09:20,040
Speaker 5: I'm like what and none, you know, and so that

1493
01:09:20,240 --> 01:09:23,160
Speaker 5: wave and I when we talked again my SHINAI because

1494
01:09:23,160 --> 01:09:25,920
Speaker 5: she posted us twice in twenty eighteen for free. I

1495
01:09:25,960 --> 01:09:27,679
Speaker 5: was like, why did you post it? She said Jesus

1496
01:09:27,720 --> 01:09:29,320
Speaker 5: told me to. I'm like, well, what.

1497
01:09:29,240 --> 01:09:30,680
Speaker 2: Else did Jesus say?

1498
01:09:30,920 --> 01:09:33,680
Speaker 5: You know? So I'm really grateful for her because once

1499
01:09:33,720 --> 01:09:36,240
Speaker 5: she didn't have to do it, and two that was

1500
01:09:36,280 --> 01:09:39,559
Speaker 5: the catalyst to every other blog media source. And then

1501
01:09:39,600 --> 01:09:40,960
Speaker 5: you know, I always knew like, if you just give

1502
01:09:40,960 --> 01:09:43,200
Speaker 5: me a little opportunity, I'm making it too. But that

1503
01:09:43,400 --> 01:09:45,360
Speaker 5: was like that I'll use that a lot of people

1504
01:09:45,400 --> 01:09:48,479
Speaker 5: are not ready for. But I did have systems in place.

1505
01:09:48,520 --> 01:09:50,679
Speaker 5: I think I had about two employees at the time.

1506
01:09:51,040 --> 01:09:52,880
Speaker 5: I did have to do like a hiring boot camp.

1507
01:09:52,920 --> 01:09:55,479
Speaker 5: I remember I was hiring every I mean training every

1508
01:09:55,560 --> 01:09:59,400
Speaker 5: day for like thirty days after work and after my appointments.

1509
01:09:59,400 --> 01:10:01,519
Speaker 5: I was taking it time because I had just made

1510
01:10:01,520 --> 01:10:03,960
Speaker 5: the decision to go full time in that business. And

1511
01:10:04,040 --> 01:10:06,040
Speaker 5: so then I had to open my calendar from eight

1512
01:10:06,080 --> 01:10:09,559
Speaker 5: am to eleven pm because I'm not missing no money.

1513
01:10:09,600 --> 01:10:11,519
Speaker 5: I'm gonna be really honest with you, like I needed

1514
01:10:11,600 --> 01:10:14,840
Speaker 5: all of that money. And that's really eighteen times eighteen

1515
01:10:14,880 --> 01:10:17,599
Speaker 5: is when my life started to change, and that's why

1516
01:10:17,640 --> 01:10:20,320
Speaker 5: I started to look at money different, like you can.

1517
01:10:20,840 --> 01:10:23,400
Speaker 5: You know, I think I made maybe half of what

1518
01:10:23,439 --> 01:10:25,599
Speaker 5: I was making in one month at that point, and

1519
01:10:25,680 --> 01:10:28,720
Speaker 5: one month and I'm like they lied to us, Like

1520
01:10:28,760 --> 01:10:30,400
Speaker 5: so now I'm starting to get rolled with it, like

1521
01:10:31,400 --> 01:10:33,080
Speaker 5: you know, and the money that I make now, I

1522
01:10:33,120 --> 01:10:35,080
Speaker 5: really feel like we just got their boozled.

1523
01:10:36,840 --> 01:10:38,040
Speaker 2: That's a feeling.

1524
01:10:38,120 --> 01:10:41,320
Speaker 4: Neo is he's a champion of that because he was

1525
01:10:41,360 --> 01:10:44,040
Speaker 4: doing that for a long time. Like Man retires his mom,

1526
01:10:44,600 --> 01:10:47,200
Speaker 4: Man travels to thirty seven countries and his wife, and

1527
01:10:47,240 --> 01:10:49,920
Speaker 4: it's like he was doing all these meanings Like man

1528
01:10:50,040 --> 01:10:52,280
Speaker 4: just rides a private jet for first time with his

1529
01:10:52,280 --> 01:10:52,880
Speaker 4: family life.

1530
01:10:52,880 --> 01:10:56,360
Speaker 5: But yeah, sure, it would be up late every night,

1531
01:10:56,400 --> 01:10:59,479
Speaker 5: and I love his wife and that would be the

1532
01:10:59,520 --> 01:11:01,280
Speaker 5: only person I could he could talk to as a

1533
01:11:01,320 --> 01:11:03,280
Speaker 5: woman that late at night. I ain't on no funny

1534
01:11:03,280 --> 01:11:05,640
Speaker 5: business you can put. But we're gonna get to this

1535
01:11:05,680 --> 01:11:07,960
Speaker 5: money to like sometimes well to like three am. I'm

1536
01:11:08,000 --> 01:11:10,840
Speaker 5: like trying this because I had just stuff my job.

1537
01:11:11,200 --> 01:11:13,760
Speaker 5: He knew that I didn't play about execute and that's

1538
01:11:13,760 --> 01:11:15,800
Speaker 5: what he likes, and he would talk me through and

1539
01:11:15,800 --> 01:11:17,320
Speaker 5: I'm like, no, I think you should try this one.

1540
01:11:17,560 --> 01:11:19,599
Speaker 5: And then we were just doing it and I'm really

1541
01:11:19,680 --> 01:11:21,439
Speaker 5: just so proud of him because it's like that one

1542
01:11:21,439 --> 01:11:24,080
Speaker 5: individual I just hope like he has he doesn't operate

1543
01:11:24,120 --> 01:11:26,400
Speaker 5: with any fear if that makes sense, Like he's not

1544
01:11:26,439 --> 01:11:30,040
Speaker 5: afraid to fail. He'll he'll fail. And then I was great,

1545
01:11:30,120 --> 01:11:32,080
Speaker 5: let's do it again, you know. And I had to

1546
01:11:32,160 --> 01:11:34,720
Speaker 5: take that and learn that from him because I was

1547
01:11:34,920 --> 01:11:37,880
Speaker 5: really scared going into I'm gonna be transferred. I was

1548
01:11:37,880 --> 01:11:41,960
Speaker 5: scared to make money because I felt like this was wrong.

1549
01:11:42,040 --> 01:11:44,800
Speaker 5: It didn't feel right. That count looked like it's too much.

1550
01:11:44,840 --> 01:11:47,040
Speaker 5: I'm explaining this to my mom. I had all these things.

1551
01:11:46,920 --> 01:11:48,880
Speaker 2: That was did you have that? Is it real? Feeling

1552
01:11:49,000 --> 01:11:49,599
Speaker 2: like is this real?

1553
01:11:50,840 --> 01:11:52,760
Speaker 5: Yeah, I didn't think it was because you know, I'm

1554
01:11:52,800 --> 01:11:56,320
Speaker 5: used to seeing the number on the other way. Yeah,

1555
01:11:56,560 --> 01:11:59,760
Speaker 5: so now even now i'd be like sometimes you know,

1556
01:12:01,720 --> 01:12:04,880
Speaker 5: I'm just giving, you know, so even now I make

1557
01:12:05,040 --> 01:12:06,880
Speaker 5: a lot of money now, but even now I'm like

1558
01:12:08,280 --> 01:12:09,880
Speaker 5: just I'm like, is this a joke? Like you know,

1559
01:12:10,360 --> 01:12:12,080
Speaker 5: and so just to be able to move how I

1560
01:12:12,160 --> 01:12:14,719
Speaker 5: want to move, travel or like you know, be remoted

1561
01:12:14,800 --> 01:12:18,040
Speaker 5: do like that freedom. I can't explain it like it's

1562
01:12:18,120 --> 01:12:20,880
Speaker 5: it's it's so humbling, and I really am thankful. There's

1563
01:12:20,920 --> 01:12:22,800
Speaker 5: no such thing as having a bad day in my world.

1564
01:12:22,840 --> 01:12:24,799
Speaker 5: Like I don't have bad days. I have bad moments

1565
01:12:25,080 --> 01:12:27,200
Speaker 5: because I can't have a bad day knowing where I've

1566
01:12:27,200 --> 01:12:29,439
Speaker 5: come from. I could look at my account, the day

1567
01:12:29,479 --> 01:12:30,960
Speaker 5: got better, like I don't.

1568
01:12:30,640 --> 01:12:34,080
Speaker 2: Have And I said, really wait wait, wait, don't let

1569
01:12:34,120 --> 01:12:35,280
Speaker 2: that go over your heads.

1570
01:12:35,479 --> 01:12:37,240
Speaker 5: Yeah, like you, hey, what bad day? You got money

1571
01:12:37,280 --> 01:12:39,800
Speaker 5: coming in? As we sit here, money's coming in, Like

1572
01:12:39,840 --> 01:12:40,720
Speaker 5: that's just how it is.

1573
01:12:41,760 --> 01:12:44,560
Speaker 2: Wake up your death, Yeah, Like well how.

1574
01:12:44,280 --> 01:12:46,280
Speaker 5: You wake up to a bad day with a PayPal alert?

1575
01:12:46,479 --> 01:12:48,880
Speaker 5: Like I never seen that, Like what you got going

1576
01:12:48,920 --> 01:12:52,160
Speaker 5: on in your life? So and I remember like, I

1577
01:12:52,200 --> 01:12:54,920
Speaker 5: don't have bad days. I don't know and know my

1578
01:12:55,240 --> 01:12:57,240
Speaker 5: like it up said, do people hurt my feelings? Yes,

1579
01:12:57,640 --> 01:13:00,160
Speaker 5: but you don't get that much time from me anymore

1580
01:13:00,360 --> 01:13:02,880
Speaker 5: because I can always make more money, but I can't

1581
01:13:02,920 --> 01:13:05,479
Speaker 5: make more time. And so even who I deal with,

1582
01:13:05,520 --> 01:13:07,240
Speaker 5: who I talk to, who I text, who I hang

1583
01:13:07,280 --> 01:13:09,920
Speaker 5: out with, it's all very intentional because these are hours

1584
01:13:09,960 --> 01:13:12,519
Speaker 5: I can't ever get back, like and so that helped

1585
01:13:12,560 --> 01:13:15,000
Speaker 5: me even with dating it and dealing with people like

1586
01:13:16,160 --> 01:13:18,240
Speaker 5: who you're about a thousand dollars an hour.

1587
01:13:19,920 --> 01:13:22,040
Speaker 4: Like that, I need to be paid for this.

1588
01:13:22,640 --> 01:13:25,439
Speaker 5: I actually somebody had a bad day. I invoiced them

1589
01:13:25,439 --> 01:13:26,560
Speaker 5: because I'm respect.

1590
01:13:27,520 --> 01:13:30,559
Speaker 4: I don't want to know how that's hard. Invoice. Yeah,

1591
01:13:30,640 --> 01:13:31,720
Speaker 4: did you mean to send this to me?

1592
01:13:31,880 --> 01:13:32,040
Speaker 5: Yes?

1593
01:13:32,720 --> 01:13:40,679
Speaker 4: Absolutely should be at never get paid. Yeah, invoice, send

1594
01:13:40,720 --> 01:13:41,200
Speaker 4: the invoice.

1595
01:13:41,240 --> 01:13:43,599
Speaker 5: You should say, invoice of the people that we should nonsense,

1596
01:13:44,400 --> 01:13:46,320
Speaker 5: you don't even know how much your time calls them

1597
01:13:46,400 --> 01:13:48,640
Speaker 5: that it's not what the job pays you. Let me

1598
01:13:48,640 --> 01:13:51,599
Speaker 5: be very clear, I was already a million dollar earner

1599
01:13:51,840 --> 01:13:55,519
Speaker 5: right before the job, but like so and you are

1600
01:13:55,600 --> 01:13:58,519
Speaker 5: at a multi million dollar job right now. Somebody listening

1601
01:13:58,680 --> 01:14:01,120
Speaker 5: and they're paying you sixty seventy. No, you are the

1602
01:14:01,160 --> 01:14:03,439
Speaker 5: million dollar gifts. Like all jokes aside, like if you

1603
01:14:03,560 --> 01:14:05,400
Speaker 5: left if if you're good, let me be clear, if

1604
01:14:05,400 --> 01:14:08,280
Speaker 5: you're really good, And I was always really really good.

1605
01:14:08,360 --> 01:14:10,439
Speaker 5: No smoke at any job I went to, because I

1606
01:14:10,520 --> 01:14:13,240
Speaker 5: was very prideful about any job I had. When I

1607
01:14:13,320 --> 01:14:16,120
Speaker 5: left my job, the president of the college, Jim said

1608
01:14:16,120 --> 01:14:18,320
Speaker 5: to me, he said, sonya, he said, I tell you,

1609
01:14:18,400 --> 01:14:19,680
Speaker 5: when I met you, I knew you were going to

1610
01:14:19,680 --> 01:14:21,559
Speaker 5: be one of two things. He's like, you're either going

1611
01:14:21,600 --> 01:14:24,240
Speaker 5: to be a college president because I'm an eat well

1612
01:14:24,280 --> 01:14:26,960
Speaker 5: a disstation away from a d D, he said. Or

1613
01:14:27,320 --> 01:14:29,080
Speaker 5: he said you were going to be a business owner.

1614
01:14:29,160 --> 01:14:31,240
Speaker 5: I already knew it. He's like, you just didn't know it.

1615
01:14:31,920 --> 01:14:33,680
Speaker 5: Now you think that would make you feel good? Right

1616
01:14:33,680 --> 01:14:37,320
Speaker 5: if you heard that? I was living because the joke

1617
01:14:37,479 --> 01:14:37,880
Speaker 5: was on me.

1618
01:14:38,360 --> 01:14:39,880
Speaker 2: You do that all this time, and you let me

1619
01:14:39,920 --> 01:14:40,439
Speaker 2: work this up.

1620
01:14:40,720 --> 01:14:41,519
Speaker 4: Could be doing it?

1621
01:14:41,640 --> 01:14:45,200
Speaker 5: Yeah, ain't that crazy? And somebody's thinking about your.

1622
01:14:45,120 --> 01:14:47,599
Speaker 2: Other It's like they see the talent.

1623
01:14:48,880 --> 01:14:51,800
Speaker 4: So so where we at now talk about I want

1624
01:14:51,800 --> 01:14:53,800
Speaker 4: you to tell him about the because you're not You're

1625
01:14:53,840 --> 01:14:56,880
Speaker 4: not doing one on one consultations anymore. Like you duplicate yourself.

1626
01:14:56,640 --> 01:14:58,439
Speaker 5: And you yeah, no, it's really hard to get me

1627
01:14:58,439 --> 01:15:01,000
Speaker 5: on the phone. And I said that would love because

1628
01:15:01,040 --> 01:15:04,880
Speaker 5: I do a lot of Instagram conversations. We're now doing

1629
01:15:04,920 --> 01:15:07,439
Speaker 5: a lot of clubhouses. Our clubhouse has been rocculately. It's

1630
01:15:07,479 --> 01:15:10,720
Speaker 5: been fun. I know you on clubhouse. I've been to

1631
01:15:10,760 --> 01:15:15,639
Speaker 5: him in the morning dressed like but.

1632
01:15:17,040 --> 01:15:18,960
Speaker 2: Wait, wait you said you called him in the morning.

1633
01:15:19,280 --> 01:15:23,840
Speaker 5: No, clubhouse. He's on every clubhouse. I feel like.

1634
01:15:25,320 --> 01:15:27,880
Speaker 2: He's at midnight marauder a.

1635
01:15:28,280 --> 01:15:30,400
Speaker 4: Boring and uh, you know, say some word to the

1636
01:15:30,439 --> 01:15:30,920
Speaker 4: good people.

1637
01:15:31,080 --> 01:15:32,920
Speaker 5: No, but you know what, I gotta say this, I

1638
01:15:32,960 --> 01:15:35,040
Speaker 5: love it. I love it, he says. So I want

1639
01:15:35,080 --> 01:15:37,720
Speaker 5: to wait he actually not little cells in you too?

1640
01:15:39,360 --> 01:15:40,400
Speaker 2: A little bit, A little bit?

1641
01:15:41,240 --> 01:15:43,600
Speaker 5: I want all right? Should I just gotta do this?

1642
01:15:43,680 --> 01:15:47,000
Speaker 5: Wo man? So he reminds me of like like an

1643
01:15:47,040 --> 01:15:50,920
Speaker 5: innocent intern that just started, right, So what do you so?

1644
01:15:51,080 --> 01:15:53,360
Speaker 5: What you're saying? So and so this is persons making

1645
01:15:53,520 --> 01:15:56,960
Speaker 5: like three hundred three hundred, let's tay thousand a month

1646
01:15:57,040 --> 01:16:00,000
Speaker 5: or something. Oh, I've got to do it's boom boom.

1647
01:16:00,200 --> 01:16:03,559
Speaker 5: You just won that back any time, he says, kee

1648
01:16:03,640 --> 01:16:05,720
Speaker 5: waning back. Whatever I'm at and go get a piece

1649
01:16:05,760 --> 01:16:07,760
Speaker 5: of paper, because I know he caught it. I should

1650
01:16:07,800 --> 01:16:10,040
Speaker 5: be catching it back. Now I can listen to him passively.

1651
01:16:10,200 --> 01:16:11,880
Speaker 5: I'm like, that's why, Shay, you go a little further.

1652
01:16:12,400 --> 01:16:14,760
Speaker 2: Yeah, he pushing the question. Yeah, you gott to push

1653
01:16:14,760 --> 01:16:15,080
Speaker 2: the button.

1654
01:16:15,920 --> 01:16:17,639
Speaker 5: What you do in the clubhouse, I've learned to life.

1655
01:16:20,160 --> 01:16:22,240
Speaker 5: I really do go to the rooms that he's in

1656
01:16:22,320 --> 01:16:24,600
Speaker 5: because if I feel like learning, I feel like I

1657
01:16:24,600 --> 01:16:26,400
Speaker 5: should go to his rooms because I know he's up

1658
01:16:26,400 --> 01:16:28,880
Speaker 5: there as a moderator or a person. So I want

1659
01:16:28,880 --> 01:16:31,880
Speaker 5: to bring that back. That's a great point.

1660
01:16:32,320 --> 01:16:35,360
Speaker 2: What you're saying is, Yo, this is this is talent.

1661
01:16:35,840 --> 01:16:36,679
Speaker 2: This is real talent.

1662
01:16:37,720 --> 01:16:39,599
Speaker 5: I'd be like, yeah, I be wanting to text him

1663
01:16:39,640 --> 01:16:46,360
Speaker 5: like you while you're up on that stage, right, Yeah,

1664
01:16:46,400 --> 01:16:48,599
Speaker 5: And so I just quick, how do you about these?

1665
01:16:48,600 --> 01:16:49,519
Speaker 5: How do you like it? Now?

1666
01:16:49,600 --> 01:16:52,160
Speaker 4: You know what? I think that I think it's beneficial,

1667
01:16:52,240 --> 01:16:57,360
Speaker 4: but I think that it could potentially water things down

1668
01:16:57,800 --> 01:17:01,120
Speaker 4: because it's so it's like not stop like and I

1669
01:17:01,120 --> 01:17:03,280
Speaker 4: think it's like it's so new, it's like it's like

1670
01:17:03,479 --> 01:17:06,120
Speaker 4: a drug like people's own it like forty eight hours straight,

1671
01:17:06,560 --> 01:17:12,240
Speaker 4: and it could potentially I think water things down because

1672
01:17:12,240 --> 01:17:15,840
Speaker 4: like whenever it's just too much, it kind of devalues

1673
01:17:15,920 --> 01:17:18,240
Speaker 4: the level of information. That's that's just my own personal

1674
01:17:18,240 --> 01:17:19,720
Speaker 4: take on it. But I do feel like it has

1675
01:17:19,800 --> 01:17:23,440
Speaker 4: good characteristics. But I feel like sometimes it's like a competition,

1676
01:17:23,600 --> 01:17:26,080
Speaker 4: like who knows more, and it's just like everybody is

1677
01:17:27,160 --> 01:17:29,639
Speaker 4: yeah exactly, everybody's trying to prove that the smartest person

1678
01:17:29,680 --> 01:17:30,040
Speaker 4: in the room.

1679
01:17:30,080 --> 01:17:31,760
Speaker 5: The receipts from a screenshot you can get off a

1680
01:17:31,800 --> 01:17:35,840
Speaker 5: Google Yeah exactly exactly, everybody ptr and show your receipts

1681
01:17:36,120 --> 01:17:40,720
Speaker 5: and or anyway, I'm.

1682
01:17:39,360 --> 01:17:43,400
Speaker 2: Like, who did that? But who did that?

1683
01:17:44,760 --> 01:17:46,360
Speaker 4: Have you on the cap, you on the TV?

1684
01:17:46,760 --> 01:17:50,000
Speaker 5: You know.

1685
01:17:50,680 --> 01:17:54,920
Speaker 2: That's the screenshot, that's that's the stream number eleven probately investigating.

1686
01:17:54,439 --> 01:17:56,120
Speaker 5: It should be one.

1687
01:17:56,720 --> 01:17:57,640
Speaker 4: How do you feel about it?

1688
01:17:58,000 --> 01:18:00,479
Speaker 5: You know, I really enjoy it for the pub acknowledge

1689
01:18:00,479 --> 01:18:02,840
Speaker 5: that it's given. I do think it makes it for

1690
01:18:03,360 --> 01:18:06,120
Speaker 5: I feel like for mental health purposes. I do think

1691
01:18:06,160 --> 01:18:09,000
Speaker 5: it's really good for the pandemic because it brings people talking. Again,

1692
01:18:09,479 --> 01:18:11,760
Speaker 5: it's different than Instagram where we're writing, but to hear

1693
01:18:11,840 --> 01:18:14,000
Speaker 5: somebody's voice, you don't know what somebody the other line

1694
01:18:14,040 --> 01:18:17,559
Speaker 5: could be going through. And so by that one gym

1695
01:18:17,600 --> 01:18:20,000
Speaker 5: being shared, you can get them really excited about their

1696
01:18:20,720 --> 01:18:23,439
Speaker 5: project that they were putting on. We're doing before COVID,

1697
01:18:23,479 --> 01:18:25,439
Speaker 5: So I beliel like it is helping a lot of people.

1698
01:18:26,160 --> 01:18:28,240
Speaker 5: I do think there are a lot of gurus that

1699
01:18:28,640 --> 01:18:31,000
Speaker 5: I don't really know if they're gurus or not. You know,

1700
01:18:31,080 --> 01:18:33,760
Speaker 5: that's their business. So sometimes I get worried about the

1701
01:18:33,760 --> 01:18:37,080
Speaker 5: information that shared. And then the other thing is there

1702
01:18:37,160 --> 01:18:38,360
Speaker 5: was a conversation I think you were a part of

1703
01:18:38,400 --> 01:18:40,120
Speaker 5: it where people were talking about how they're going to

1704
01:18:40,160 --> 01:18:42,479
Speaker 5: start to monetize that, and I think that's the problem

1705
01:18:42,560 --> 01:18:46,040
Speaker 5: sometimes with our society, everybody trying to make a dollar

1706
01:18:46,080 --> 01:18:48,640
Speaker 5: out of nothing. Sometimes like can it just be a

1707
01:18:48,680 --> 01:18:50,960
Speaker 5: genuine app where you know, maybe if people want to

1708
01:18:51,000 --> 01:18:55,080
Speaker 5: tip or share, But why does everything have to be monetized?

1709
01:18:55,160 --> 01:18:57,400
Speaker 5: Like every little thing has to be and then it

1710
01:18:57,439 --> 01:18:59,839
Speaker 5: just takes away from the fun of connecting and building

1711
01:19:00,080 --> 01:19:00,679
Speaker 5: that makes sense.

1712
01:19:00,880 --> 01:19:03,280
Speaker 4: Yeah, Yeah, it's one of those things, like you said,

1713
01:19:03,280 --> 01:19:06,760
Speaker 4: it's like the the core rooms back in like the

1714
01:19:06,840 --> 01:19:09,880
Speaker 4: nineties when it's like the hot line like party line.

1715
01:19:09,920 --> 01:19:14,000
Speaker 2: Yeah business that was different number.

1716
01:19:14,160 --> 01:19:16,680
Speaker 4: But yeah, the clubhouses it's cool because it's like you

1717
01:19:16,760 --> 01:19:19,120
Speaker 4: going in, it's like it could be Meek Millen. That's

1718
01:19:19,160 --> 01:19:20,880
Speaker 4: what I like about it. I was in a room

1719
01:19:20,880 --> 01:19:23,880
Speaker 4: with Meek and Swiss and to even be able to,

1720
01:19:24,040 --> 01:19:26,599
Speaker 4: you know, have somewhat of a conversation with those people

1721
01:19:26,640 --> 01:19:30,960
Speaker 4: just randomly. It is different than any other social media experience.

1722
01:19:31,400 --> 01:19:33,160
Speaker 4: So there is value in it for sure.

1723
01:19:33,160 --> 01:19:35,240
Speaker 5: All Right, but hold on, y'all, that is interesting. Your

1724
01:19:35,280 --> 01:19:38,240
Speaker 5: favorite celebrities like my favorite celebrities. Wild I'm not going

1725
01:19:38,240 --> 01:19:40,200
Speaker 5: to hold you if you told me he was there

1726
01:19:40,200 --> 01:19:42,800
Speaker 5: on the street. We wrapped this up, like I love him,

1727
01:19:43,360 --> 01:19:45,280
Speaker 5: But I was in his room and I was in

1728
01:19:45,280 --> 01:19:47,679
Speaker 5: there for like four hours, way too long, just listening

1729
01:19:47,720 --> 01:19:49,920
Speaker 5: to him talk. I learned a lot about him. I

1730
01:19:49,960 --> 01:19:52,000
Speaker 5: was making different opinions about him. So I think it's

1731
01:19:52,040 --> 01:19:53,880
Speaker 5: either one that helped me really like more people or

1732
01:19:54,000 --> 01:19:57,000
Speaker 5: dis like that because their personalities. It is what it is.

1733
01:19:57,000 --> 01:19:58,840
Speaker 4: A home on account, you know what you get to

1734
01:19:58,880 --> 01:20:01,120
Speaker 4: fit like even on social media Instagram, you don't really

1735
01:20:01,400 --> 01:20:03,519
Speaker 4: feel like you know a person. Why don't hear them?

1736
01:20:03,840 --> 01:20:06,000
Speaker 4: Like when I hear Meek mill speak, I know he's

1737
01:20:06,000 --> 01:20:08,200
Speaker 4: interested in business because I could hear it in him,

1738
01:20:08,200 --> 01:20:09,679
Speaker 4: like you know what I'm saying. I could hear him

1739
01:20:09,720 --> 01:20:12,200
Speaker 4: asking questions and it's like you actually feel like you're

1740
01:20:12,200 --> 01:20:13,960
Speaker 4: on the phone with like you know what I'm saying.

1741
01:20:14,000 --> 01:20:16,960
Speaker 4: So it's interesting. It's interesting. I think they just gotta

1742
01:20:17,080 --> 01:20:19,040
Speaker 4: you know, they It's like all things, you just gotta

1743
01:20:19,479 --> 01:20:21,439
Speaker 4: just make it a little bit more, you know what

1744
01:20:21,479 --> 01:20:21,840
Speaker 4: I'm saying.

1745
01:20:22,240 --> 01:20:23,920
Speaker 5: For you guys in terms of the guests you want

1746
01:20:23,920 --> 01:20:26,160
Speaker 5: to get, that's an easy like lay up.

1747
01:20:26,200 --> 01:20:27,880
Speaker 4: Yeah, it's a great it's a great networking. It's great

1748
01:20:27,920 --> 01:20:30,200
Speaker 4: networking too. Every time I go in there, I learned

1749
01:20:30,240 --> 01:20:32,559
Speaker 4: some different things from different people. Shout out to Doug

1750
01:20:32,560 --> 01:20:33,680
Speaker 4: Out and Dug Out in Philly too.

1751
01:20:33,800 --> 01:20:34,320
Speaker 5: Oh Doug.

1752
01:20:34,920 --> 01:20:37,920
Speaker 4: Yeah, I learned some stuff from him, Like he said

1753
01:20:37,960 --> 01:20:40,400
Speaker 4: some stuff that I didn't know. So I mean it

1754
01:20:40,520 --> 01:20:43,519
Speaker 4: is good to go on there and you can gain

1755
01:20:43,560 --> 01:20:44,599
Speaker 4: some information for sure.

1756
01:20:44,680 --> 01:20:47,000
Speaker 5: Yeah, Doug made me upgrade my Tesla. So I brought

1757
01:20:47,000 --> 01:20:49,280
Speaker 5: my Tesla first and I showed Doug. So then Doug

1758
01:20:49,400 --> 01:20:52,679
Speaker 5: upgraded his Tesla to the self drive. So all about

1759
01:20:52,680 --> 01:20:54,559
Speaker 5: process self driving and self drive in the city.

1760
01:20:54,560 --> 01:20:57,760
Speaker 4: You got a self driving Tesla? Yeah, how does that work? Oh?

1761
01:21:01,680 --> 01:21:05,040
Speaker 4: You could use it now and wherever everywhere.

1762
01:21:05,280 --> 01:21:07,040
Speaker 5: Yeah, So how it works is it is still a

1763
01:21:07,080 --> 01:21:10,120
Speaker 5: little robotic, so so Doug and Neo and I was

1764
01:21:10,160 --> 01:21:12,360
Speaker 5: just like little kids. We went to the parking lot

1765
01:21:12,400 --> 01:21:14,800
Speaker 5: of Target one night and literally we were in the

1766
01:21:14,880 --> 01:21:17,559
Speaker 5: car and he made on his app the car drive

1767
01:21:17,640 --> 01:21:20,000
Speaker 5: to him. So Neo and I in the back tripping.

1768
01:21:20,040 --> 01:21:21,760
Speaker 2: I was like to come pick him up.

1769
01:21:21,840 --> 01:21:22,920
Speaker 5: Yeah, to come pick him.

1770
01:21:22,840 --> 01:21:24,400
Speaker 4: Up, Like, well, can you do it while you're in

1771
01:21:24,479 --> 01:21:25,200
Speaker 4: the car, Oh.

1772
01:21:25,120 --> 01:21:27,320
Speaker 5: Yeah, yeah yeah. But he wanted to show us the

1773
01:21:27,360 --> 01:21:30,519
Speaker 5: feature that allows you to have the car drive out

1774
01:21:30,560 --> 01:21:33,719
Speaker 5: of the parking spot to you at the front store.

1775
01:21:33,560 --> 01:21:35,000
Speaker 4: So you can go on the street right now and

1776
01:21:35,080 --> 01:21:36,160
Speaker 4: drive and not drive.

1777
01:21:36,200 --> 01:21:38,280
Speaker 5: It's called some in your car and.

1778
01:21:38,160 --> 01:21:40,360
Speaker 4: You can have it like drive you to the grocery store.

1779
01:21:40,920 --> 01:21:43,680
Speaker 4: Oh oh oh street legal and street legal now to

1780
01:21:43,720 --> 01:21:44,080
Speaker 4: do that.

1781
01:21:44,200 --> 01:21:46,200
Speaker 5: It is, but but it has to have it has

1782
01:21:46,240 --> 01:21:48,720
Speaker 5: to have you touch it every thirty seconds, so you

1783
01:21:48,720 --> 01:21:49,960
Speaker 5: can't just be hands off.

1784
01:21:49,960 --> 01:21:50,799
Speaker 2: You can't fall asleep.

1785
01:21:51,360 --> 01:21:53,439
Speaker 5: No, no, you could before they made the update.

1786
01:21:54,080 --> 01:21:55,519
Speaker 4: So it's like cruise control kind of.

1787
01:21:55,840 --> 01:21:58,040
Speaker 5: But in the city, if you put the GPS on,

1788
01:21:58,120 --> 01:21:59,840
Speaker 5: Let's say I want to go to Target. If I'm home,

1789
01:22:00,040 --> 01:22:03,160
Speaker 5: targets five miles, the car will go in this direction.

1790
01:22:03,640 --> 01:22:06,000
Speaker 5: It will stop at stop times. In order to go,

1791
01:22:06,080 --> 01:22:07,680
Speaker 5: you do have to push the gas and then they

1792
01:22:07,680 --> 01:22:09,599
Speaker 5: will go again on its own. It'll make the right

1793
01:22:09,640 --> 01:22:11,720
Speaker 5: on its own. It's which is laying on its own.

1794
01:22:12,560 --> 01:22:14,320
Speaker 5: And the car is actually a better driver than me.

1795
01:22:15,080 --> 01:22:17,840
Speaker 5: Like I am a Philly driver, so I'm like, oh

1796
01:22:17,920 --> 01:22:21,439
Speaker 5: that's my exit the car yo. The car put me

1797
01:22:21,520 --> 01:22:25,320
Speaker 5: back in the lane and like, and I missed my

1798
01:22:25,439 --> 01:22:27,719
Speaker 5: exit because I didn't tell the car we were getting

1799
01:22:27,760 --> 01:22:31,040
Speaker 5: over with the turn signal. Now I was pissed, but

1800
01:22:31,120 --> 01:22:35,000
Speaker 5: I was happy because that's how you avoid collision. I

1801
01:22:35,040 --> 01:22:35,960
Speaker 5: feel like I was good though.

1802
01:22:36,000 --> 01:22:39,040
Speaker 4: You know the cars, that's crazy.

1803
01:22:38,720 --> 01:22:40,880
Speaker 5: You do if you give you driven the Tesla yet Nah,

1804
01:22:42,240 --> 01:22:44,479
Speaker 5: So all you do is you go put it online,

1805
01:22:44,520 --> 01:22:47,400
Speaker 5: put you one hundred dollars do and depending on your dealership,

1806
01:22:47,439 --> 01:22:48,839
Speaker 5: they'll let you hold it for the weekend.

1807
01:22:49,840 --> 01:22:53,320
Speaker 2: Yes, they're putting one out here like right, neighborhood go

1808
01:22:53,360 --> 01:22:53,760
Speaker 2: for you.

1809
01:22:53,680 --> 01:22:55,800
Speaker 5: Get your car for the weekend. I'm telling you you're

1810
01:22:55,840 --> 01:22:58,000
Speaker 5: never going to go back to like a regular car

1811
01:22:58,200 --> 01:23:00,479
Speaker 5: because you know, you you park up, you could just

1812
01:23:00,479 --> 01:23:03,760
Speaker 5: watch you Netflix and the screen is crazy. They're want

1813
01:23:03,760 --> 01:23:05,880
Speaker 5: to integrate zooming it really soon. So you could take

1814
01:23:05,920 --> 01:23:07,920
Speaker 5: your calls the car is so quiet that I can

1815
01:23:08,040 --> 01:23:09,960
Speaker 5: do business calls from the car because it don't sound

1816
01:23:09,960 --> 01:23:12,519
Speaker 5: like you're in a car, if that makes sense. My

1817
01:23:12,640 --> 01:23:14,800
Speaker 5: dog really enjoys it is. He seats in the bag

1818
01:23:14,880 --> 01:23:18,720
Speaker 5: as well, like it is really fun. No, I have

1819
01:23:18,760 --> 01:23:20,840
Speaker 5: a three, so I have a three long range. The

1820
01:23:20,920 --> 01:23:23,760
Speaker 5: three is super sporty. A tracks men like no other.

1821
01:23:23,800 --> 01:23:26,320
Speaker 5: I wasn't that wasn't the purpose of it. Like when

1822
01:23:26,320 --> 01:23:29,200
Speaker 5: I first got the car, men like grown men was

1823
01:23:29,200 --> 01:23:31,200
Speaker 5: pulling up to the car like I thought the boy

1824
01:23:31,400 --> 01:23:36,320
Speaker 5: was gonna come in the window. He was like, he's like,

1825
01:23:36,360 --> 01:23:38,920
Speaker 5: you like that car. I was like, I do. I do?

1826
01:23:39,200 --> 01:23:41,839
Speaker 5: Now I am licensed, so I don't know what it's about.

1827
01:23:41,600 --> 01:23:43,760
Speaker 2: To you.

1828
01:23:45,880 --> 01:23:47,320
Speaker 5: And just back up a bit.

1829
01:23:47,400 --> 01:23:51,559
Speaker 4: COVID please please, And he said, oh, I'm sorry.

1830
01:23:51,640 --> 01:23:53,559
Speaker 5: So I'm just so excited. I wish I knew you

1831
01:23:53,600 --> 01:23:55,519
Speaker 5: soth like man man, let me take you out to dinner.

1832
01:23:55,760 --> 01:23:57,800
Speaker 5: And I'm like, I'm like, did you just ask to

1833
01:23:57,920 --> 01:23:58,160
Speaker 5: know me?

1834
01:23:58,760 --> 01:24:00,639
Speaker 2: I wis on it.

1835
01:24:00,720 --> 01:24:03,080
Speaker 5: I am like a little boil the inside. And I

1836
01:24:03,160 --> 01:24:05,240
Speaker 5: like to race people on Broad Street, especially because the

1837
01:24:05,240 --> 01:24:08,880
Speaker 5: COVID is not on trainsic. Yeah, so long story short,

1838
01:24:09,000 --> 01:24:11,320
Speaker 5: this guy had a what's the fast ones? It my say, Camaro,

1839
01:24:11,360 --> 01:24:12,360
Speaker 5: which one's the fast one?

1840
01:24:13,000 --> 01:24:18,000
Speaker 2: Uh, Camara, It depends, depends.

1841
01:24:18,479 --> 01:24:21,240
Speaker 5: Let's take Camara, right. So he had a Camaro. This

1842
01:24:21,400 --> 01:24:23,800
Speaker 5: is like the height of COVID is nobody outside, and

1843
01:24:23,840 --> 01:24:25,760
Speaker 5: I really just wanted to air this car. I just

1844
01:24:25,760 --> 01:24:29,080
Speaker 5: wanted to drive it. So I seen him and I'm like,

1845
01:24:29,200 --> 01:24:30,640
Speaker 5: he's going to be my little big So I had

1846
01:24:30,640 --> 01:24:34,720
Speaker 5: to act all cute like sound was slow and then

1847
01:24:34,840 --> 01:24:38,960
Speaker 5: it has a sixty second celebration without the upgrade two

1848
01:24:38,960 --> 01:24:42,160
Speaker 5: point now was upgrade two point seven and sixty seconds

1849
01:24:42,560 --> 01:24:44,920
Speaker 5: and I was off like four lights. It feel like

1850
01:24:44,920 --> 01:24:49,200
Speaker 5: a roller yo. When I tell you, he ran life

1851
01:24:49,320 --> 01:24:52,000
Speaker 5: just to catch up. And this again, we're in Philly,

1852
01:24:52,080 --> 01:24:53,400
Speaker 5: so we don't know how this could go. Luck me,

1853
01:24:53,400 --> 01:24:55,880
Speaker 5: I'm cute because he was like if you wasn't cute,

1854
01:24:55,920 --> 01:24:59,080
Speaker 5: yos room everything, what's your number y'all? And I'm like, no, no,

1855
01:24:59,200 --> 01:25:02,639
Speaker 5: I just want to race. It was fun. I digress.

1856
01:25:02,680 --> 01:25:05,080
Speaker 5: There's nothing to do with anything we talked about, although

1857
01:25:05,120 --> 01:25:06,560
Speaker 5: I just oh, but let me do it. Let me

1858
01:25:06,600 --> 01:25:09,320
Speaker 5: bring it back. Financial for you guys, I was an

1859
01:25:09,360 --> 01:25:13,479
Speaker 5: early investor of Tesla because on my manifestation board for

1860
01:25:13,520 --> 01:25:14,280
Speaker 5: over five years.

1861
01:25:14,400 --> 01:25:16,479
Speaker 4: How early five years ago.

1862
01:25:16,400 --> 01:25:17,679
Speaker 5: I had to start buying Tesla stock.

1863
01:25:18,000 --> 01:25:21,920
Speaker 2: Are you good? Yeah? You held it, numbers still got it. Yeah,

1864
01:25:22,360 --> 01:25:22,800
Speaker 2: Because my.

1865
01:25:22,800 --> 01:25:25,880
Speaker 5: Thing is I always wanted to own Tesla before I

1866
01:25:25,920 --> 01:25:28,559
Speaker 5: owned the Tesla, and so when I brought my Tesla

1867
01:25:28,600 --> 01:25:30,400
Speaker 5: this year, I felt really good about it because I

1868
01:25:30,479 --> 01:25:33,040
Speaker 5: was already involved. I already knew what updates was coming

1869
01:25:34,080 --> 01:25:36,880
Speaker 5: the company. Yeah, I wanted you want to buy the

1870
01:25:36,920 --> 01:25:40,160
Speaker 5: Tesla in my opinion, coming out of the pandemic, because

1871
01:25:40,160 --> 01:25:42,880
Speaker 5: why they're not selling them. I got myns right when

1872
01:25:42,880 --> 01:25:45,679
Speaker 5: the dealership opened back up, and they were so happy

1873
01:25:45,680 --> 01:25:48,240
Speaker 5: to see me because hey, they haven't been selling any cars.

1874
01:25:49,080 --> 01:25:51,880
Speaker 5: And not to be funny, the Tesla buying experience, that's

1875
01:25:51,880 --> 01:25:54,639
Speaker 5: how you know things could be better, was ten minutes. Y'all,

1876
01:25:55,720 --> 01:25:59,559
Speaker 5: go online, do your app credit, pool my credit straight boom,

1877
01:26:00,280 --> 01:26:02,840
Speaker 5: Hi missus, congratulations, you want to come tomorrow morning pick

1878
01:26:02,880 --> 01:26:05,599
Speaker 5: up the car? A matter of fact, just go ahead,

1879
01:26:05,640 --> 01:26:07,839
Speaker 5: accept your terms. No paperworkers need to hit the dealership

1880
01:26:07,840 --> 01:26:10,320
Speaker 5: with Just ask for your ID. We'll do a virtual

1881
01:26:10,320 --> 01:26:11,840
Speaker 5: walk through when you get here, all right, see soon,

1882
01:26:12,080 --> 01:26:14,160
Speaker 5: So I get there. Oh yeah, he was with me.

1883
01:26:14,200 --> 01:26:16,200
Speaker 5: My friend was with me. Right, and me and my

1884
01:26:16,280 --> 01:26:18,639
Speaker 5: mom and him, we pull up, we'll know what's happening.

1885
01:26:18,800 --> 01:26:21,320
Speaker 5: They're on the inside of the glass, the cars parked out,

1886
01:26:21,439 --> 01:26:24,160
Speaker 5: shiny clean, ready to go, charged up. They're like, okay,

1887
01:26:24,160 --> 01:26:26,240
Speaker 5: what you're gonna do? Because of COVID, they will virtually

1888
01:26:26,280 --> 01:26:29,360
Speaker 5: walk me through and then you just pull off. I

1889
01:26:29,400 --> 01:26:32,160
Speaker 5: still feel like I.

1890
01:26:31,600 --> 01:26:35,479
Speaker 2: Stole the car, Like it would have been crazy if

1891
01:26:35,479 --> 01:26:37,000
Speaker 2: they just asked you for your address and like, yeah,

1892
01:26:37,000 --> 01:26:38,120
Speaker 2: were gonna send it to you in the morning.

1893
01:26:38,320 --> 01:26:39,840
Speaker 5: Well they could drop it off if you had that

1894
01:26:40,840 --> 01:26:42,120
Speaker 5: want to go to the dealership to take a picture.

1895
01:26:42,160 --> 01:26:45,160
Speaker 4: Okay, you got to you gotta get a deal, Yes, spokesman,

1896
01:26:45,920 --> 01:26:47,680
Speaker 4: that was a hell of a pitch. That was a

1897
01:26:47,680 --> 01:26:50,120
Speaker 4: hell of a pitch for Tesla. Tesla for sure. So

1898
01:26:50,160 --> 01:26:52,280
Speaker 4: let's talk about Let's end it with your e book. Yes,

1899
01:26:52,680 --> 01:26:54,439
Speaker 4: talk about the e book if you if you may.

1900
01:26:54,880 --> 01:26:57,800
Speaker 5: Yeah. So it's about fifty pages long. It's a day

1901
01:26:57,800 --> 01:26:59,599
Speaker 5: by day journey. So it's a thirty one day guy

1902
01:26:59,680 --> 01:27:01,400
Speaker 5: to take calling your stud loons or slaying your student

1903
01:27:01,400 --> 01:27:04,120
Speaker 5: loans is the term. So day one, day two, and

1904
01:27:04,160 --> 01:27:06,400
Speaker 5: I wrote the book from the perspective of someone who

1905
01:27:06,520 --> 01:27:09,080
Speaker 5: never ever looked at their student loans. The meat is

1906
01:27:09,120 --> 01:27:11,439
Speaker 5: in the middle when it talks about home buying. I

1907
01:27:11,479 --> 01:27:14,080
Speaker 5: put a lot of loan forgiveness programs in their state

1908
01:27:14,120 --> 01:27:17,320
Speaker 5: loan forgetting his programs in there. I put in information

1909
01:27:17,360 --> 01:27:20,160
Speaker 5: there about you know, I include something about getting the

1910
01:27:20,160 --> 01:27:22,560
Speaker 5: additional streams of income, just because I wanted people to

1911
01:27:22,560 --> 01:27:24,519
Speaker 5: think about how they can also start to pay down

1912
01:27:24,560 --> 01:27:26,560
Speaker 5: their student loan debt. But what I do with the

1913
01:27:26,600 --> 01:27:28,320
Speaker 5: e book that's really different than I feel like a

1914
01:27:28,320 --> 01:27:31,799
Speaker 5: lot of ebooks is I commit to doing bi weekly

1915
01:27:32,120 --> 01:27:34,400
Speaker 5: free calls. So if you buy the e book and

1916
01:27:34,439 --> 01:27:37,840
Speaker 5: the confirmation email, it's clickare for additional classes and resources.

1917
01:27:38,240 --> 01:27:41,320
Speaker 5: I just keep doing free calls on different topics, anything

1918
01:27:41,360 --> 01:27:43,920
Speaker 5: that's related to student loan debt, because I want people

1919
01:27:43,920 --> 01:27:46,519
Speaker 5: to be tapped in and tuned in and for refro.

1920
01:27:46,680 --> 01:27:48,559
Speaker 5: It's like, I'll make a deal with you. This ebook

1921
01:27:48,600 --> 01:27:51,360
Speaker 5: is what twenty nine ninety nine you can continually give

1922
01:27:51,439 --> 01:27:54,439
Speaker 5: free game in a zoom environment. We could take up

1923
01:27:54,479 --> 01:27:56,120
Speaker 5: to a thousand people in the zoom If I need

1924
01:27:56,160 --> 01:27:58,000
Speaker 5: to expand it, I would, but we didn't hit over

1925
01:27:58,040 --> 01:28:01,080
Speaker 5: a thousand, and I just keep doing classes and you

1926
01:28:01,120 --> 01:28:05,200
Speaker 5: can see people really have like eye opening moments. Eight

1927
01:28:05,240 --> 01:28:08,439
Speaker 5: people so far in counting have gotten their loans one

1928
01:28:08,560 --> 01:28:13,000
Speaker 5: hundred percent forgiving through the TPD program, the Total Permanent

1929
01:28:13,080 --> 01:28:16,559
Speaker 5: Disability Program. Some people have had disabilities that are physical,

1930
01:28:16,600 --> 01:28:19,320
Speaker 5: like you can see, that's preventing them from working. Some

1931
01:28:19,400 --> 01:28:22,599
Speaker 5: disabilities like loopis we didn't even probably think about, right,

1932
01:28:22,720 --> 01:28:25,280
Speaker 5: I have LOOPIS, but lupis doesn't have me. Some it's

1933
01:28:25,280 --> 01:28:27,400
Speaker 5: called remission, so I don't take medicine X, Y and Z.

1934
01:28:27,680 --> 01:28:30,120
Speaker 5: But there are some people that are really struggling with

1935
01:28:30,200 --> 01:28:33,000
Speaker 5: loops right now, right, so that would be a call

1936
01:28:33,120 --> 01:28:36,240
Speaker 5: to get your loans forgiven. So the clause is if

1937
01:28:36,240 --> 01:28:39,320
Speaker 5: it's anything that's impacting you from have continuous and steady work.

1938
01:28:39,760 --> 01:28:42,040
Speaker 4: Yeah, that's all right, And we're gonna put the link

1939
01:28:42,160 --> 01:28:44,759
Speaker 4: in our bio of this. If you're watching this on YouTube,

1940
01:28:45,200 --> 01:28:47,400
Speaker 4: and if you're listening on Apple or Spotify, we'll put

1941
01:28:47,400 --> 01:28:48,920
Speaker 4: the link. We also put the link on our website

1942
01:28:49,000 --> 01:28:51,760
Speaker 4: under the alumni tab. So, yeah, twenty nine dollars. If

1943
01:28:51,800 --> 01:28:54,439
Speaker 4: you have student loans, you obviously definitely should get it.

1944
01:28:54,479 --> 01:28:57,720
Speaker 4: And if you have a child, or if you have

1945
01:28:57,880 --> 01:29:00,880
Speaker 4: you know, a niece or nephew, anybody that's going to college.

1946
01:29:01,400 --> 01:29:04,760
Speaker 4: You should educate yourself beforehand, be prepared before. And too

1947
01:29:04,760 --> 01:29:08,000
Speaker 4: many times in our culture we prepare ourselves after something's happened.

1948
01:29:08,200 --> 01:29:11,120
Speaker 4: We're reactionary instead of being proactive. So you got to

1949
01:29:11,160 --> 01:29:14,160
Speaker 4: be proactive. You got to be prepare yourself beforehand. So

1950
01:29:15,560 --> 01:29:18,320
Speaker 4: once again, thank you, thank you for joining us.

1951
01:29:18,560 --> 01:29:19,120
Speaker 5: Thank you guys.

1952
01:29:19,240 --> 01:29:21,200
Speaker 4: Yeah, it's a pleasure real quick.

1953
01:29:21,360 --> 01:29:23,599
Speaker 2: And you spoke about the long forgiveness. I just want

1954
01:29:23,600 --> 01:29:26,439
Speaker 2: to add for all teachers, just another little little tidbit

1955
01:29:26,600 --> 01:29:29,479
Speaker 2: like our hack. And so we said that if you

1956
01:29:29,520 --> 01:29:31,160
Speaker 2: apply for it and you work in a Title one

1957
01:29:31,160 --> 01:29:34,280
Speaker 2: school and I'm only speaking this because this has actually

1958
01:29:34,320 --> 01:29:38,080
Speaker 2: happened to me, they usually give you seventeen five or

1959
01:29:38,160 --> 01:29:40,960
Speaker 2: five thousand, dependent on what you're teaching. The seventeen five

1960
01:29:41,000 --> 01:29:44,240
Speaker 2: will go to mathematics and science. However, I argued with

1961
01:29:44,320 --> 01:29:46,240
Speaker 2: my principle that I will teaching health at the time.

1962
01:29:46,320 --> 01:29:48,680
Speaker 2: Health is a science, and so I was able as

1963
01:29:48,680 --> 01:29:51,080
Speaker 2: a physic teacher and a health teacher to get seventeen

1964
01:29:51,120 --> 01:29:54,240
Speaker 2: five old. So that's another one. That's right, that's right.

1965
01:29:54,280 --> 01:29:56,479
Speaker 2: So we got to seventeen five, So that's good to know. So,

1966
01:29:56,560 --> 01:29:59,200
Speaker 2: like sometimes people don't want to work in environments where

1967
01:29:59,200 --> 01:30:01,519
Speaker 2: they title one school, which makes no sense because any

1968
01:30:01,680 --> 01:30:04,040
Speaker 2: environment could be a tile one school. Yeah, they're all

1969
01:30:04,040 --> 01:30:06,840
Speaker 2: tied to one schools. You worked there five years, eighteen

1970
01:30:06,880 --> 01:30:08,240
Speaker 2: thousand dollars off your still loan.

1971
01:30:08,120 --> 01:30:09,760
Speaker 5: And it can be five years across.

1972
01:30:09,520 --> 01:30:12,240
Speaker 2: The board, across the board. Yeah, yeah, oh ahead, Yeah

1973
01:30:12,280 --> 01:30:12,760
Speaker 2: you have it.

1974
01:30:14,120 --> 01:30:17,000
Speaker 4: And then how did you enjoy teaching at Yo University?

1975
01:30:17,400 --> 01:30:21,000
Speaker 5: Oh? Your classes, your students all do, I had said

1976
01:30:21,080 --> 01:30:24,120
Speaker 5: EYL on Live last night. So I have to go

1977
01:30:24,200 --> 01:30:26,719
Speaker 5: down and they're like, oh, I'm a member, I'm a member,

1978
01:30:28,640 --> 01:30:30,559
Speaker 5: And so I think that's so dope because I like

1979
01:30:30,600 --> 01:30:32,800
Speaker 5: that people are investing themselves. Don't you think it's like

1980
01:30:32,840 --> 01:30:36,880
Speaker 5: the best time to be a young black person getting educated.

1981
01:30:37,160 --> 01:30:40,559
Speaker 5: That's why I said, if it don't in the poverty

1982
01:30:40,600 --> 01:30:42,479
Speaker 5: mindset or the check to check myndset, if it don't

1983
01:30:42,560 --> 01:30:44,280
Speaker 5: end with this generation that I don't know which generation

1984
01:30:44,400 --> 01:30:47,040
Speaker 5: it would end with. It has to be us because

1985
01:30:47,080 --> 01:30:50,280
Speaker 5: you have an EYL, you have your I think it's like,

1986
01:30:50,640 --> 01:30:52,800
Speaker 5: I don't tell me for I'm wrong. I feel like

1987
01:30:52,880 --> 01:30:56,400
Speaker 5: the influencers, particularly in this space, in my opinion, have

1988
01:30:56,439 --> 01:30:58,120
Speaker 5: a little more foult than some celebrities.

1989
01:30:58,200 --> 01:31:01,519
Speaker 4: There are a lot of celebrities, right. Financial literacy is

1990
01:31:01,520 --> 01:31:02,439
Speaker 4: the new rap.

1991
01:31:03,800 --> 01:31:06,120
Speaker 5: It's funny when you look up how much your favorite

1992
01:31:06,160 --> 01:31:09,360
Speaker 5: Clevely makes in a month. Yeah, I make more.

1993
01:31:09,560 --> 01:31:10,639
Speaker 4: No, I definitely make more.

1994
01:31:10,800 --> 01:31:14,840
Speaker 5: Yeah. So I don't know be my favorite, like I mean,

1995
01:31:14,880 --> 01:31:16,160
Speaker 5: I just I like I see it at the vent

1996
01:31:16,280 --> 01:31:17,800
Speaker 5: or something like. And that's the other thing we don't.

1997
01:31:17,800 --> 01:31:20,559
Speaker 5: We don't want to idolize. I had learned that God

1998
01:31:20,640 --> 01:31:22,400
Speaker 5: gave me a really hard lesson. I know, were wrapping

1999
01:31:22,400 --> 01:31:24,040
Speaker 5: it up, but there was somebody I can't say his

2000
01:31:24,120 --> 01:31:26,680
Speaker 5: name who I really admire, a one in the in

2001
01:31:26,720 --> 01:31:29,479
Speaker 5: the financial industry, I'll tell y'all offline. And I had

2002
01:31:29,479 --> 01:31:31,479
Speaker 5: paid this five thousand dollars ticket to be in his

2003
01:31:31,600 --> 01:31:35,920
Speaker 5: VIP and and I was in Money magazine right behind

2004
01:31:35,920 --> 01:31:38,560
Speaker 5: his cover, and I was excited to tell him I

2005
01:31:38,640 --> 01:31:42,800
Speaker 5: knew his whole team. And he was so rude. And

2006
01:31:42,800 --> 01:31:44,640
Speaker 5: that's and God told me a hard lesson. I mean,

2007
01:31:44,800 --> 01:31:46,640
Speaker 5: like I cried, I'm not even really funny because I

2008
01:31:46,760 --> 01:31:49,200
Speaker 5: really idolized him, right, But God said, don't idalyize me

2009
01:31:49,240 --> 01:31:51,599
Speaker 5: and illize me. Right. So when I when I did

2010
01:31:51,640 --> 01:31:53,679
Speaker 5: that happen to me, I'm like, I'm going to talk

2011
01:31:53,720 --> 01:31:56,080
Speaker 5: next to him one day with CNN the hell like,

2012
01:31:56,439 --> 01:31:59,080
Speaker 5: so I can't even I don't even have I'm not

2013
01:31:59,200 --> 01:32:01,800
Speaker 5: like le fans of anybody anymore because we're all just

2014
01:32:01,840 --> 01:32:04,880
Speaker 5: one connection away from somebody that we are idolized. I

2015
01:32:04,880 --> 01:32:07,160
Speaker 5: can respect their craft, but I can't be like, oh,

2016
01:32:07,200 --> 01:32:09,640
Speaker 5: that's so and so you know my joke is, you know,

2017
01:32:09,800 --> 01:32:11,479
Speaker 5: we having lunch from Oprah soon, you know.

2018
01:32:11,720 --> 01:32:14,400
Speaker 4: So that's that's how I that's a fact.

2019
01:32:15,200 --> 01:32:17,640
Speaker 2: We got that saying about jay Z. We're gonna keep

2020
01:32:17,640 --> 01:32:19,920
Speaker 2: saying this until he sits next to us. So yeah,

2021
01:32:20,040 --> 01:32:25,719
Speaker 2: so definitely on in trajectory like our chances.

2022
01:32:25,760 --> 01:32:27,639
Speaker 4: But I thank you for doing that class that was doping,

2023
01:32:27,680 --> 01:32:29,360
Speaker 4: like I said, just to get the question and answers

2024
01:32:29,360 --> 01:32:31,479
Speaker 4: part of it, and you know it's all experienced. So

2025
01:32:31,560 --> 01:32:33,320
Speaker 4: thank you for joining us, and thank you for doing

2026
01:32:33,320 --> 01:32:35,200
Speaker 4: EL University. I'm sure we'll be doing a bunch of

2027
01:32:35,240 --> 01:32:38,400
Speaker 4: other stuff in the future. Troy housekeeping items.

2028
01:32:38,439 --> 01:32:40,920
Speaker 2: Yeah, shout out to everybody on patreon dot com. I'll

2029
01:32:40,920 --> 01:32:43,720
Speaker 2: probably pay program y'all know that Tier five members, y'all

2030
01:32:43,720 --> 01:32:46,120
Speaker 2: get access to a beautiful university that we were just

2031
01:32:46,120 --> 01:32:50,080
Speaker 2: speaking of. EL University is the number one number one

2032
01:32:50,160 --> 01:32:52,720
Speaker 2: business school and entrepreneurial school in the entire world. So

2033
01:32:52,760 --> 01:32:54,479
Speaker 2: we get shout out to all our earners that have

2034
01:32:54,479 --> 01:32:56,839
Speaker 2: been a part of that, and shout everybody that's supporting

2035
01:32:56,840 --> 01:33:00,200
Speaker 2: to merch the ey l merch. It's moving. Man out

2036
01:33:00,200 --> 01:33:03,479
Speaker 2: to everybody that has gotten our varsity jacket or the

2037
01:33:03,520 --> 01:33:07,160
Speaker 2: assets of a liabilities or the scullies. We greatly appreciate it.

2038
01:33:07,360 --> 01:33:09,800
Speaker 2: Make sure y'all y'all take pictures in it, tag us

2039
01:33:09,800 --> 01:33:10,880
Speaker 2: in it so we can post y'all.

2040
01:33:11,160 --> 01:33:13,920
Speaker 4: Yeah, sure, So, thank you guys for rocking with us.

2041
01:33:14,280 --> 01:33:18,200
Speaker 4: Don't forget to subscribe, hit the like button, leave a comment, review,

2042
01:33:18,600 --> 01:33:21,120
Speaker 4: and we will see you guys next week. Peace.

2043
01:33:21,240 --> 01:33:27,320
Speaker 3: Peace my graduates from my school being forced back.

2044
01:33:27,479 --> 01:33:31,559
Speaker 4: Drop bag drop Mike, drop back drop.

2045
01:33:42,960 --> 01:33:43,240
Speaker 2: Coach.

2046
01:33:43,360 --> 01:33:45,840
Speaker 7: The energy out there felt different. What changed for the

2047
01:33:45,840 --> 01:33:46,360
Speaker 7: team today?

2048
01:33:46,439 --> 01:33:48,600
Speaker 3: It was the new game day, scratches from the California

2049
01:33:48,640 --> 01:33:50,120
Speaker 3: Lottery players, everything.

2050
01:33:50,439 --> 01:33:52,400
Speaker 4: Those games sent the team's energy through the roof.

2051
01:33:52,439 --> 01:33:54,439
Speaker 7: Are you saying it was the off field play that

2052
01:33:54,479 --> 01:33:55,960
Speaker 7: made the difference on the field.

2053
01:33:55,720 --> 01:33:58,439
Speaker 4: Hey, little play makes your day, and today it made

2054
01:33:58,479 --> 01:33:58,880
Speaker 4: the game.

2055
01:33:59,320 --> 01:34:01,920
Speaker 7: That's off of that, coach, one more question played the

2056
01:34:01,960 --> 01:34:04,680
Speaker 7: new Los Angeles Chargers, San Francisco forty nine ers and

2057
01:34:04,720 --> 01:34:08,000
Speaker 7: Los Angeles Rams scratchers from the California Lottery. A little

2058
01:34:08,040 --> 01:34:11,040
Speaker 7: play can make your day. Peace play responsibly. Must be

2059
01:34:11,040 --> 01:34:12,679
Speaker 7: eighteen years or older to purchase play or claim